1298 Mullins Cove RdWhitwellTN37397
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Whitwell at 1298 Mullins Cove Rd, Whitwell, TN, 37397 generates $1,027/mo in rent and, after a $636/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,027/mo, and annual cash flow is $2,989/yr on $43,095 invested. Return on cash invested sits at 26.84% in year one, and rental yield is 9.48% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 139.9% and total cumulative return in cash sums $60,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,027/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37397, Whitwell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,673 (100%) |
| Owner Occupied HU | 3,220 (68.9%) |
| Renter Occupied HU | 849 (18.2%) |
| Vacant Housing Units | 604 (12.9%) |
| Median Home Value | $175,298 |
| Average Home Value | $213,315 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,202
Multi-Family
0
Businesses
144
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