233 N Grand AveBrownsvilleTN38012
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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
Investment property for sale in Brownsville at 233 N Grand Ave, Brownsville, TN, 38012 offers a 7.51% rental yield on a $400,000 purchase with $2,502/mo rent. Total monthly income registers $2,502/mo, and a $1,958/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,288/yr on $132,600 to close, and return on cash invested stands at 20.88% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 107.8% and total cumulative return in cash at $142,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,502/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38012, Brownsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,235 (100%) |
| Owner Occupied HU | 3,273 (52.5%) |
| Renter Occupied HU | 2,315 (37.1%) |
| Vacant Housing Units | 647 (10.4%) |
| Median Home Value | $219,276 |
| Average Home Value | $274,950 |
Housing Distribution
Address Breakdown
Residential
6,009
Single Family
5,728
Multi-Family
281
Businesses
597
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Listed by: Anna E Bishop • Crye-Leike, Inc., REALTORS
Mls Name: CWTAR
Mls ID: #2505410