1009 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
Investment property for sale in Sweetwater at 1009 Glenlock Rd, Sweetwater, TN, 37874 offers a 9.81% rental yield on a $289,000 purchase with $2,363/mo rent. Total monthly income registers $2,363/mo, and a $1,415/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,590/yr on $95,804 to close, and return on cash invested stands at 27.83% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 145.09% and total cumulative return in cash at $138,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,363/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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 - Athens
Mls Name: RCAR
Mls ID: #20254163