1385 Mitchell StCelinaTN38551
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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 Celina at 1385 Mitchell St, Celina, TN, 38551 generates $1,500/mo in rent, after a $1,835/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 12.72% in year one, and rental yield is 4.8% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 64.03% and total cumulative return in cash sums $79,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38551, Celina, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,290 (100%) |
| Owner Occupied HU | 1,374 (60.0%) |
| Renter Occupied HU | 477 (20.8%) |
| Vacant Housing Units | 439 (19.2%) |
| Median Home Value | $180,859 |
| Average Home Value | $278,894 |
Housing Distribution
Address Breakdown
Residential
1,856
Single Family
1,801
Multi-Family
55
Businesses
161
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Listed by: Debra Dodd • No. 1 Quality Realty-celina
Mls Name: UCMLS
Mls Provider:
Mls ID: #235513
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