238 Mill StSharonTN38255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sharon at 238 Mill St, Sharon, TN, 38255 offers a 7.81% rental yield on a $174,900 purchase with $1,138/mo rent. Total monthly income registers $1,138/mo, and a $856/mo payment leaves $91/mo available for distribution. Annual cash flow reaches $1,093/yr on $57,979 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 112.78% and total cumulative return in cash at $65,388. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,138/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38255, Sharon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 687 (66.1%) |
| Renter Occupied HU | 245 (23.6%) |
| Vacant Housing Units | 108 (10.4%) |
| Median Home Value | $155,515 |
| Average Home Value | $211,117 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Miller • Crye-Leike Elite
Mls Name: CWTAR
Mls Provider:
Mls ID: #246664
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.