150 Fox Ridge DrMount CarmelTN37645
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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 Mount Carmel at 150 Fox Ridge Dr, Mount Carmel, TN, 37645 priced at $437,000 converts $2,254/mo rent into after a $2,139/mo obligation. Total monthly income equals $2,254/mo. Return on cash invested prints 16.91% in year one, and rental yield reads 6.19% against a $437,000 entry. Equity gained on principal adds $2,820/yr, while 5% annual appreciation compiles into $120,735 by year five. Five-year ROI reaches 86.49% and total cumulative return in cash sums $125,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,254/mo property income covering a $2,139/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37645, Mount Carmel, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,847 (100%) |
| Owner Occupied HU | 2,010 (70.6%) |
| Renter Occupied HU | 601 (21.1%) |
| Vacant Housing Units | 236 ( 8.3%) |
| Median Home Value | $199,814 |
| Average Home Value | $242,180 |
Housing Distribution
Address Breakdown
Residential
2,324
Single Family
2,324
Multi-Family
0
Businesses
77
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Listed by: Tiffany Watts • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9986550