706 Washington Ave, Mt Pleasant, TN, 38474 | 4.1% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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706 Washington Ave, Mt Pleasant, TN, 38474 | 4.1% Rental Yield | Ziffy

For Sale

Rental Income

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

Total monthly income runs $2,220/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 4.1% with $2,220/mo rent. Return on cash invested shows 10.7% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 53.17% and total cumulative return in cash records $113,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $3,177/mo payment rather than investor’s personal income.

Single Family

Built in 1960

1.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 706 Washington Avenue! Fantastic mid-century property located on Mount Pleasants most beautiful and historic streets. Neighborhood sidewalks and streetlights make it nice for walkers and kids riding their bikes. The seller just put a NEW ARCHITECTURAL SHINGLE ROOF on the house in November 2025 that is up to current codes. The 1.8-acre lot is the second-largest lot on the street making it great for the kids to play and lots of room for the dogs to roam! From the outside you would never know what lies inside. This property offers over 5,300 square feet of living space making it ideal for the large or growing family. This 1960s house boasts its original bathroom tile a true retro treasure that adds character and nostalgia, It also has the beautiful original hardwood floors. All the large picture windows create natural lighting that floods every corner of the main level. The show-stopping feature of this property is the fully finished, walk-out basement over 2,400 square feet of thoughtfully designed space that includes three additional bedrooms, a full kitchen, living and dining areas and its own private entrance. Whether you're hosting holiday gatherings for extended family, exploring rental income, or need a true multigenerational setup, this lower level provides flexibility that few homes can match. This home has been designed for the way people live today with a focus on privacy, flexibility, and functionality, all wrapped in mid-century architecture. The backyard offers an incredible opportunity for outdoor living space for a future pool, garden, patio, or even a second structure. Mature trees provide a peaceful, park-like setting, enjoy your morning coffee or an evening glass of wine setting outside on the large spacious deck. This property is more than a home its a smart investment in comfort, lifestyle, and long-term value.