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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mount Pleasant at 713 Washington Ave, Mount Pleasant, TN, 38474 generates $3,000/mo in rent and, after a $1,713/mo payment, leaves $890/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $10,680/yr on $116,025 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 10.29% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 152.04% and total cumulative return in cash sums $176,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
1.20 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Listed for sale | $350,000 |
| 2024-08-21 | Contingent | $360,000 |
| 2024-08-08 | Price change | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $2663.10 | N/A | $73,975 | N/A |
| 2022-11-13 | $2663.10 | 33.58% | $73,975 | 45.69% |
| 2021-11-13 | $1993.63 | 0.77% | $50,775 | N/A |
Listed by: Gary Ashton • The Ashton Real Estate Group of RE/MAX Advantage
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2683338
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-13 03:11:26 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)
