236 Cornwell AveWatertownTN37184
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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 Watertown at 236 Cornwell Ave, Watertown, TN, 37184 offers a 10.7% rental yield on a $262,400 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,284/mo payment leaves $770/mo available for distribution. Annual cash flow reaches $9,235/yr on $86,986 to close, and return on cash invested stands at 30.53% in year one. Equity gained on principal adds $1,693/yr while 5% annual appreciation supports $72,496 over five years. Portfolio math shows five-year ROI at 159.52% and total cumulative return in cash at $138,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,284/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37184, Watertown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,617 (100%) |
| Owner Occupied HU | 1,999 (76.4%) |
| Renter Occupied HU | 441 (16.9%) |
| Vacant Housing Units | 177 ( 6.8%) |
| Median Home Value | $435,174 |
| Average Home Value | $513,923 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,591
Multi-Family
0
Businesses
137
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