139 Melrose RdCovingtonTN38019
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 Covington at 139 Melrose Rd, Covington, TN, 38019 with 5% annual appreciation on a $309,999 basis while $1,825/mo rent supports operations. 55% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 7.06%. Five-year ROI measures 100.68% and total cumulative return in cash totals $103,459. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,825/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38019, Covington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 3,959 (58.4%) |
| Renter Occupied HU | 2,371 (35.0%) |
| Vacant Housing Units | 451 ( 6.7%) |
| Median Home Value | $240,007 |
| Average Home Value | $260,976 |
Housing Distribution
Address Breakdown
Residential
6,326
Single Family
5,851
Multi-Family
475
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices