117 E Ward St

Centerville, TN 37033
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3 bd, 2 ba | 1,182 sqft | Built in 1940

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List Price
$219,900

Initial Investment

$59,923

Purchase Price

$219,900

Down Payment

25%

Rent

$1,660

Total Return

$177,573

Annualized Return

32.7%

Cap Rate

6.5%

Gross Yield

9.1%

Cash Flow

$1,590

Appreciation

12.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,960

HOA

None

Flood Risk

Not Required

Back on market priced BELOW recently appraised value! In response to feedback all floors have been professionally leveled and front bay window flashing has been redone with shingle. Beautifully renovated cottage located just 3 minutes from the Downtown Centerville Square. A 40 minute drive will have you in Downtown Columbia, 45 minutes to Downtown Dickson. New LVP Flooring throughout all Living Areas and tile in the Bathrooms. New Electrical. New Plumbing. New Paint. Large backyard is slightly slopped and fenced on 3 sides. Kitchen has a walk in Pantry, New Appliances and the Washer and Dryer do convey. Unfinished Walk in Crawlspace is easy to stand in and would be great for Storage or used as a Storm Shelter. Parking for 4 vehicles in gravel out front. Porch is wheelchair accessible. Lender incentives available through Seller's preferred lender. Ask your Realtor for details. Home is in a USDA qualified area making 100% financing possible, speak to your lender of choice for details.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$18,924

Expenses

-$3,380

Property Taxes

-$2,000

Loan Payments

-$11,955

Net Cash Flow

$1,590

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Dennis Sanders
Agent License 333854
eXp Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealTracs
MLS #2638342
Last Updated: 04/03/2024 18:04
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