189 Bates St NE,Charleston,TN,37310

Investment Highlights

Rental property for sale in Charleston at 189 Bates St NE, Charleston, TN, 37310 priced at $220,000 converts $2,096/mo rent into $779/mo cash flow after a $1,077/mo obligation. Total monthly income equals $2,096/mo, and annual cash flow totals $9,346/yr on $72,930 invested. Return on cash invested prints 32.72% in year one, and rental yield reads 11.43% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 171.29% and total cumulative return in cash sums $124,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,077/mo payment, not borrower’s personal income.