1007 Glenlock RdSweetwaterTN37874
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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
Total monthly income runs $1,529/mo, and a $1,366/mo payment. Purchase price stands at $279,000, and rental yield measures 6.58% with $1,529/mo rent. Return on cash invested shows 18.07% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 92.76% and total cumulative return in cash records $85,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
9.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37874, Sweetwater, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,391 (100%) |
| Owner Occupied HU | 5,092 (68.9%) |
| Renter Occupied HU | 1,685 (22.8%) |
| Vacant Housing Units | 614 ( 8.3%) |
| Median Home Value | $221,768 |
| Average Home Value | $282,355 |
Housing Distribution
Address Breakdown
Residential
6,673
Single Family
6,589
Multi-Family
84
Businesses
461
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Listed by: Loretta Edgemon • East Tennessee Properties, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520043