208 1st Ave ECarthageTN37030
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 Carthage at 208 1st Ave E, Carthage, TN, 37030 at $224,900 posts ROI 27.1% with $446/mo cash flow from $1,793/mo rent. Total monthly income equals $1,793/mo, and annual cash flow records $5,358/yr on $74,554 to close. Return on cash invested measures 27.1% and rental yield reads 9.57% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 141.16% and total cumulative return in cash totals $105,241.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,793/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
8,276 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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Nearby investment properties with comparable prices
Listed by: Cd Digger Poindexter • CD Poindexter Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2804264
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-15 08:22:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)