313 Andrews AveHartsvilleTN37074
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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
Rental property for sale in Hartsville at 313 Andrews Ave, Hartsville, TN, 37074 priced at $279,900 converts $1,800/mo rent into $124/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $1,493/yr on $92,787 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 7.72% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 111.24% and total cumulative return in cash sums $103,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37074, Hartsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,682 (100%) |
| Owner Occupied HU | 2,465 (66.9%) |
| Renter Occupied HU | 948 (25.7%) |
| Vacant Housing Units | 269 ( 7.3%) |
| Median Home Value | $299,897 |
| Average Home Value | $330,700 |
Housing Distribution
Address Breakdown
Residential
3,338
Single Family
3,203
Multi-Family
135
Businesses
262
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Listed by: Matthew Carman • Gene Carman Real Estate & Auctions
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2991569