539 Elm StMount 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
Rental property for sale in Mount Carmel at 539 Elm St, Mount Carmel, TN, 37645 priced at $149,900 converts $1,521/mo rent into $623/mo cash flow after a $734/mo obligation. Total monthly income equals $1,521/mo, and annual cash flow totals $7,480/yr on $49,692 invested. Return on cash invested prints 34.96% in year one, and rental yield reads 12.18% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 183.33% and total cumulative return in cash sums $91,103. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,521/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.50 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: Cindy Edwards • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9988246