252 Ashville AveMount CarmelTN37645
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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 Mount Carmel at 252 Ashville Ave, Mount Carmel, TN, 37645 offers a 10.12% rental yield on a $199,600 purchase with $1,684/mo rent. Total monthly income registers $1,684/mo, and a $977/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,869/yr on $66,167 to close, and return on cash invested stands at 28.78% in year one. Equity gained on principal adds $1,288/yr while 5% annual appreciation supports $55,146 over five years. Portfolio math shows five-year ROI at 150.2% and total cumulative return in cash at $99,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,684/mo property income against a $977/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37645, Mount Carmel, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,847 (100%) |
| Owner Occupied HU | 2,010 (70.6%) |
| Renter Occupied HU | 601 (21.1%) |
| Vacant Housing Units | 236 ( 8.3%) |
| Median Home Value | $199,814 |
| Average Home Value | $242,180 |
Housing Distribution
Address Breakdown
Residential
2,324
Single Family
2,324
Multi-Family
0
Businesses
77
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Listed by: B.J. Walsh • Blue Ridge Properties
Mls Name: TVRMLS
Mls ID: #9990152