1319 Main St NCarthageTN37030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Carthage at 1319 Main St N, Carthage, TN, 37030 uses $53,007 cash to close to unlock $3,629/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $783/mo payment keeps the spread at $302/mo. Purchase price stands at $159,900, and rental yield measures 9.46% with $1,260/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 139.35% and total cumulative return in cash records $73,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37030, Carthage, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,285 (100%) |
| Owner Occupied HU | 2,054 (62.5%) |
| Renter Occupied HU | 921 (28.0%) |
| Vacant Housing Units | 310 ( 9.4%) |
| Median Home Value | $259,780 |
| Average Home Value | $288,384 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
2,974
Multi-Family
166
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices