201 Dover AveMt 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
Investment property for sale in Mt Carmel at 201 Dover Ave, Mt Carmel, TN, 37645 with 5% annual appreciation on a $168,600 basis while $2,010/mo rent supports operations. Total monthly income totals $2,010/mo and a $825/mo payment preserves $1,001/mo for cash returns. Annual cash flow comes to $12,011/yr on $55,891 deployed, and return on cash invested reaches 41.4% in year one. Equity gained on principal adds $1,088/yr, and five-year appreciation sums $46,581 alongside rental yield of 14.31%. Five-year ROI measures 217.82% and total cumulative return in cash totals $121,742.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,010/mo property income versus a $825/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
142 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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