220 Myrtle AveCrossvilleTN38555
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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 Crossville at 220 Myrtle Ave, Crossville, TN, 38555 priced at $229,800 pairs $2,280/mo rent with $904/mo cash flow after a $1,125/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $10,850/yr on $76,179 invested. Return on cash invested is 34.15% in year one, and rental yield stands at 11.91% on a $229,800 basis. Equity gained on principal adds $1,483/yr, and 5% annual appreciation accumulates to $63,490 by year five. Five-year ROI measures 179% and total cumulative return in cash reaches $136,360. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2007
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38555, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,843 (100%) |
| Owner Occupied HU | 5,611 (57.0%) |
| Renter Occupied HU | 3,284 (33.4%) |
| Vacant Housing Units | 948 ( 9.6%) |
| Median Home Value | $279,190 |
| Average Home Value | $344,374 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,669
Multi-Family
615
Businesses
1,110
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Listed by: David Kinser • True North Real Estate Services, LLC
Mls Name: UCMLS
Mls ID: #236525