193 Whitaker St · Camden, TN 38320

$124,900

2 bd · 1.0 ba · 1,030 sqft · SingleFamily · 127 Days on market

Built 1960 Poor condition 1.00 ac lot ↓ 38% since listing

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spectacular buy with 2.57 acres and 2 homes- one site-built home, one manufactured home and the ability to add more homes. The cottage-like, site-built home is a sturdy block house featuring a new roof, 1030 sqft home with 2 bedrooms and one bath. The second home is a 1998 Buccaneer manufactured home with 1,280 square feet, 3 bedrooms, 2 baths, front and back decks, and a lovely, wooded view. Plenty of room for a firepit, playset, and more in the grassy areas. Large lot with plenty of room for more dwellings or to enjoy nature. Beautiful trees and private area in the heart of Camden within a few short minutes to the interstate. Live in one and rent the other for income producing property or take advantage of the rental income from them both. Currently, the homes are rented with monthly income of $1,700- $925/mo for manufactured home and $775/mo for the site built home. This property also has the ability to have more housing units added to the property per Seller's meeting with zoning, water, sewage departments. Property also had a tiny home on the property at one time and the sewage line and an address already exist. Only site built or double wide manufactured homes can be placed on the property if adding dwellings. Buyers to consult with city on any plans for building. Tenant deposits on each home will be conveyed at closing from seller to buyer. Possibilities for this property abound and the potential for revenue streaming is immense. Call today to view and make an offer on this excellent money-making property. Taxes are estimated because .33 acres was surveyed off in January 2026. Tax records have not updated.

Key facts

• Grassy areas
• Large lot
• Scenic lot

Tags

• SCENIC LOT
• NEW ROOF
• GRASSY AREAS
• LARGE LOT
• PRIVATE AREA

Property features AI

Finance

• Financial info: Annual tax amount listed (not included per instructions)
• HOA & community: Pets allowed

Exterior

• Parking: No covered parking listed; No total parking spaces listed
• Utilities: Public water; Public sewer; Water available
• Home design: Single-family residential; One story
• Construction: Shingle roof; Other construction materials; Block foundation; Existing (year built not specified)
• Exterior features: Cleared yard; Cul-de-sac lot; Level lot; Private setting; Wooded areas on property; Approximately 1 acre

Interior

• Kitchen: No kitchen appliances listed
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Wood stove heating (wood fuel); Wall/window air conditioning unit(s)
• Interior features: No built-in appliances listed; Wood and vinyl flooring
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $472 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#133 in TN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• Benton County (town): math 31% / reading 28% proficiency, ranked #66 of 139 in TN (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Camden Elementary (473 students, 0% FRL); Camden Jr High School (math 37% / reading 23%, grade F, #98 of 333 statewide, top 32%, 371 students, 0% FRL); Camden Central High School (math 8% / reading 37%, grade F, #156 of 332 statewide, top 49%, 521 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 112 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6 units permitted in Benton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Benton County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 127 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 10.83%
• Cash-on-cash: 16.19%
• DSCR: 1.72
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.2%
• Equity multiple: 1.28×
• Total profit: $9,845
• Equity at exit: $18,623

10-year hold

• IRR: 16.5%
• Equity multiple: 2.35×
• Total profit: $47,381
• Equity at exit: $10,799

Cash invested: $34,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 38320

• Home prices YoY: -6.5%
• Active inventory: 112
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,690 medium
• Mortgage (P&I): −$655
• Tax est. 1.5%: −$156 /mo · $1,874/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $472

Break-even live

Break-even rent $1,093

Max offer price $124,900

Occupancy floor 67%

Sensitivity live

Price	-10% $558	-5% $515	+0% $472	+5% $429	+10% $386
Rent	-10% $338	-5% $405	+0% $472	+5% $539	+10% $605
Rate	-1.0pp $535	-0.5pp $504	base $472	+0.5pp $440	+1.0pp $407

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
131 E Lake St Camden, TN	3.0	1.0	1400	$1,690	$1.21	25d	1	0.59mi

Listing history 17 events

1. 2026-06-21
   days on market $124,900 Active 127 DOM
2. 2026-06-18
   days on market $124,900 Active 125 DOM
3. 2026-06-17
   days on market $124,900 Active 124 DOM
4. 2026-06-16
   days on market $124,900 Active 123 DOM
5. 2026-06-15
   days on market $124,900 Active 122 DOM
6. 2026-06-13
   days on market $124,900 Active 120 DOM
7. 2026-06-12
   days on market $124,900 Active 119 DOM
8. 2026-06-09
   days on market $124,900 Active 116 DOM
9. 2026-06-08
   days on market $124,900 Active 115 DOM
10. 2026-06-08
    days on market $124,900 Active 114 DOM
11. 2026-06-07
    days on market $124,900 Active 113 DOM
12. 2026-06-04
    days on market $124,900 Active 110 DOM
13. 2026-06-02
    days on market $124,900 Active 109 DOM
14. 2026-06-01
    days on market $124,900 Active 108 DOM
15. 2026-05-31
    days on market $124,900 Active 107 DOM
16. 2026-02-13
    listed $124,900 Active

    Show marketing remark (1642 chars)

    Spectacular buy with 2.57 acres and 2 homes- one site-built home, one manufactured home and the ability to add more homes. The cottage-like, site-built home is a sturdy block house featuring a new roof, 1030 sqft home with 2 bedrooms and one bath. The second home is a 1998 Buccaneer manufactured home with 1,280 square feet, 3 bedrooms, 2 baths, front and back decks, and a lovely, wooded view. Plenty of room for a firepit, playset, and more in the grassy areas. Large lot with plenty of room for more dwellings or to enjoy nature. Beautiful trees and private area in the heart of Camden within a few short minutes to the interstate. Live in one and rent the other for income producing property or take advantage of the rental income from them both. Currently, the homes are rented with monthly income of $1,700- $925/mo for manufactured home and $775/mo for the site built home. This property also has the ability to have more housing units added to the property per Seller's meeting with zoning, water, sewage departments. Property also had a tiny home on the property at one time and the sewage line and an address already exist. Only site built or double wide manufactured homes can be placed on the property if adding dwellings. Buyers to consult with city on any plans for building. Tenant deposits on each home will be conveyed at closing from seller to buyer. Possibilities for this property abound and the potential for revenue streaming is immense. Call today to view and make an offer on this excellent money-making property. Taxes are estimated because .33 acres was surveyed off in January 2026. Tax records have not updated.

17. 2026-02-13
    listed $199,900 Active 1642-char remark

    Show marketing remark (1642 chars)

    Spectacular buy with 2.57 acres and 2 homes- one site-built home, one manufactured home and the ability to add more homes. The cottage-like, site-built home is a sturdy block house featuring a new roof, 1030 sqft home with 2 bedrooms and one bath. The second home is a 1998 Buccaneer manufactured home with 1,280 square feet, 3 bedrooms, 2 baths, front and back decks, and a lovely, wooded view. Plenty of room for a firepit, playset, and more in the grassy areas. Large lot with plenty of room for more dwellings or to enjoy nature. Beautiful trees and private area in the heart of Camden within a few short minutes to the interstate. Live in one and rent the other for income producing property or take advantage of the rental income from them both. Currently, the homes are rented with monthly income of $1,700- $925/mo for manufactured home and $775/mo for the site built home. This property also has the ability to have more housing units added to the property per Seller's meeting with zoning, water, sewage departments. Property also had a tiny home on the property at one time and the sewage line and an address already exist. Only site built or double wide manufactured homes can be placed on the property if adding dwellings. Buyers to consult with city on any plans for building. Tenant deposits on each home will be conveyed at closing from seller to buyer. Possibilities for this property abound and the potential for revenue streaming is immense. Call today to view and make an offer on this excellent money-making property. Taxes are estimated because .33 acres was surveyed off in January 2026. Tax records have not updated.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,280
• − Mortgage interest: −$6,996
• − Property taxes: −$1,874
• − Insurance: −$624
• − Repairs & maintenance: −$1,622
• − Management: −$1,622
• − Depreciation: −$3,633
• Taxable income: $3,907
• Est. tax owed @ 24.0%: −$938
• After-tax cash flow: $4,726/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 4 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including a new roof and exterior repairs, to become move-in ready and significantly increase its value.

Repairs flagged

• Major roof — Severe damage visible in aerial view
• Major exterior walls — Significant wear and possible cracking
• Major landscaping — Overgrown vegetation and unkempt appearance

Value-add opportunities

• Both repair and paint exterior walls — Enhances curb appeal and property value
• Both trim and maintain landscaping — Improves curb appeal and property value
• Both repair roof — Critical safety and value enhancement

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Severe damage visible in aerial view	Major	$15,000–50,000
exterior walls · Significant wear and possible cracking	Major	$15,000–50,000
landscaping · Overgrown vegetation and unkempt appearance	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both repair and paint exterior walls — Enhances curb appeal and property value ↑
• Both trim and maintain landscaping — Improves curb appeal and property value ↑
• Both repair roof — Critical safety and value enhancement ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Benton County
• NCES district ID: 4700240
• Math proficiency: 31% ▼ -8.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $33,587
• Composite: 24.24/100
• National rank: #7722
• State rank: #66 of 139 in TN

Livability — Camden

• Score: 66/100
• State rank: #133
• US rank: #12196

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment D Housing A+ Health & safety C- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Camden, TN
• Population (ZIP): 10,470

Population outlook (Benton County) Hauer SSP2

• Today (2025): 15,046 people
• By 2030: 14,425 · -4.1%
• By 2040: 13,296 · -11.6%
• By 2050: 12,298 · -18.3%
• By 2075: 10,347 · -31.2%
• By 2100: 8,594 · -42.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Hispanic / Latino 2% Black 2% Asian 1%
• Common ancestry: Lithuanian 3% Italian 3% Slovak 2%
• Foreign-born: 2% · China
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Benton

• 2024 margin: Solid R (+62.9) · D 18.1% · R 81.1%
• 2008→2024 swing: -46.7pp toward R · 2008: -16.2pp · 2024: -62.9pp
• All cycles: 2024: R+62.9 2020: R+57.0 2016: R+51.3 2012: R+25.6 2008: R+16.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.25%
• Current HPI: 233.3477
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

-37.5% since first listed

2 events — show timeline

• 2026-02-13 Listed $124,900 REALTRACS as Distributed by MLS Grid
• 2026-02-13 Listed $199,900 REALTRACS as Distributed by MLS Grid