217 Fite Ave ECarthageTN37030
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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 217 Fite Ave E, Carthage, TN, 37030 priced at $169,000 converts $1,260/mo rent into $249/mo cash flow after a $827/mo obligation. Total monthly income equals $1,260/mo, and annual cash flow totals $2,982/yr on $56,024 invested. Return on cash invested prints 25.23% in year one, and rental yield reads 8.95% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 131.16% and total cumulative return in cash sums $73,483. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $827/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.30 Acres 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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