218 Ward 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 218 Ward Ave E, Carthage, TN, 37030 offers $1,011/mo rent that, after a $978/mo payment. Total monthly income is $1,011/mo. Return on cash invested measures 16.55% in year one, and rental yield stands at 6.07% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 84.59% and total cumulative return in cash reaches $56,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,011/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,662 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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