309 Washington Ave, Mount Pleasant, TN, 38474 | $425/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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309 Washington Ave, Mount Pleasant, TN, 38474 | $425/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mount Pleasant at 309 Washington Ave, Mount Pleasant, TN, 38474 uses $99,417 cash to close to unlock $5,095/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,468/mo payment keeps the spread at $425/mo. Purchase price stands at $299,900, and rental yield measures 8.88% with $2,220/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 130.07% and total cumulative return in cash records $129,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Single Family

Built in 1944

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

A cottage-style home on the picturesque Washington Avenue in Mount Pleasant. As you arrive, the maintenance-free metal roof, bright yellow door, and established landscaping welcome you with warmth and charm. Step inside to find refinished hardwood floors that create a cozy atmosphere throughout the main level. Choose from two inviting bedrooms on the first floor for your primary suite, or embrace the spaciousness of the entire second floor, complete with a large walk-in closet and a beautiful bathroom. The replaced windows fill the home with natural light and modern elegance. Unwind in the backyard oasis, where a large concrete patio, partially covered, beckons you to relax and absorb the serenity of the evenings in a small Tennessee town. Raised garden beds & outdoor storage building remain.