90 Washington AveMercerTN38392
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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 Mercer at 90 Washington Ave, Mercer, TN, 38392 uses $53,040 cash to close to unlock $11,692/yr annual cash flow and $974/mo monthly cash flow. Total monthly income runs $1,932/mo, and a $783/mo payment keeps the spread at $974/mo. Purchase price stands at $160,000, and rental yield measures 14.49% with $1,932/mo rent. Return on cash invested shows 41.95% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 220.86% and total cumulative return in cash records $117,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,932/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38392, Mercer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 314 (100%) |
| Owner Occupied HU | 220 (70.1%) |
| Renter Occupied HU | 48 (15.3%) |
| Vacant Housing Units | 46 (14.6%) |
| Median Home Value | $191,667 |
| Average Home Value | $187,750 |
Housing Distribution
Address Breakdown
Residential
311
Single Family
311
Multi-Family
0
Businesses
7
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Listed by: Aaron Bargery • 1st Class Real Estate Advisors
Mls Name: CWTAR
Mls Provider:
Mls ID: #246617
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