43 Miller Cove Cir

Signal Mountain, TN 37377
image0

2 bd, 2 ba | 1,680 sqft | Built in 1977

slider image
slider image
slider image
List Price
$155,000

Initial Investment

$42,238

Purchase Price

$155,000

Down Payment

25%

Rent

$2,670

Total Return

$137,716

Annualized Return

44.6%

Cap Rate

14.0%

Gross Yield

20.7%

Cash Flow

$12,041

Appreciation

8.2%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,037

HOA

None

Flood Risk

Not Required

Great investment opportunity on Signal Mountain! Located on a peaceful lot surrounded by mature trees, this 1680 square foot home is waiting for someone to roll up their sleeves and make it the dream home it is meant to be. The great room has dramatic vaulted ceilings with a stone fireplace. There is a bedroom on the first floor that has the potential for an ensuite bath. Upstairs you will find the main bedroom that is very spacious with a private bath. A huge addition has been added onto the back of the home, ready to be turned into a large kitchen, dining, living room area, or even an extra bedroom. The basement has been extended and has access into the backyard. Sellers are willing to leave new hardwood flooring to be installed throughout the first floor, along with new kitchen appliances, spool of heavy gauge wiring, and rolls of insulation. All are supplies they purchased previously to renovate the home, but they will leave for new owners. Showings can be scheduled on Friday, July 26th from 10am-8pm and Saturday, July 27th from 9am-12pm. Appointments must be made to view the property. Call listing agent with any questions.

See more in Analysis
Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Agent License #337885

Annual Financial Highlights

Expected Rent

$30,438

Expenses

-$8,970

Property Taxes

-$1,000

Loan Payments

-$8,427

Net Cash Flow

$12,041

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.

Similar Listings



Listing Courtesy of:Melissa Parham
Agent License 347396
Zach Taylor - Chattanooga
Certified Agent Brokerage:Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Brokerage License 262943
SourceGreater Chattanooga Association of Realtors, Inc. CMLS (CIE)
MLS #1396306
Last Updated: 07/25/2024 19:07
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.