507 Cedar StMt 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 Mt Carmel at 507 Cedar St, Mt Carmel, TN, 37645 uses $79,527 cash to close to unlock $2,365/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $1,174/mo payment keeps the spread at $197/mo. Purchase price stands at $239,900, and rental yield measures 8.17% with $1,633/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 118.58% and total cumulative return in cash records $94,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.38 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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