Is Mount Carmel, TN a good place to invest in rental property?

Mount Carmel, TN has a median modeled monthly cash flow of $-583 and a median cap rate of 3.9%, on a median sold price of $239,000. Prices changed +5.9% year over year.

What is the average cap rate in Mount Carmel, TN?

The median cap rate across recently sold homes in Mount Carmel, TN is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mount Carmel, TN?

The median sold price in Mount Carmel, TN is $239,000 (about $170 per square foot).

Investing in Mount Carmel, TN Real Estate

A data-driven snapshot of the Mount Carmel, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$239,000Median sold price

$170Median $/sqft

3.9%Median cap rate

$-583Modeled cash flow / mo

+5.9%Appreciation YoY

7.8Months of supply

63Active listings

97Sold (last 12 mo)

What the Mount Carmel numbers say

In Mount Carmel, TN, the median home sold for $239,000 (about $170 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-583 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 7.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Mount Carmel cash-flowing listings

CashFlowRE ranks every for-sale home in Mount Carmel, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mount Carmel deals, or browse the national market data.