205 Fite Ave WCarthageTN37030
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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 Carthage at 205 Fite Ave W, Carthage, TN, 37030 priced at $239,900 converts $1,260/mo rent into after a $1,174/mo obligation. Total monthly income equals $1,260/mo. Return on cash invested prints 17.25% in year one, and rental yield reads 6.3% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 88.4% and total cumulative return in cash sums $70,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37030, Carthage, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,285 (100%) |
| Owner Occupied HU | 2,054 (62.5%) |
| Renter Occupied HU | 921 (28.0%) |
| Vacant Housing Units | 310 ( 9.4%) |
| Median Home Value | $259,780 |
| Average Home Value | $288,384 |
Housing Distribution
Address Breakdown
Residential
3,140
Single Family
2,974
Multi-Family
166
Businesses
344
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