1010 Briar Ridge LnStrawberry PlainsTN37871
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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
Rental property for sale in Strawberry Plains at 1010 Briar Ridge Ln, Strawberry Plains, TN, 37871 generates $1,380/mo in rent, after a $2,594/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at 7.72% in year one, and rental yield is 3.13% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 37.2% and total cumulative return in cash sums $64,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37871, Strawberry Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 3,030 (73.2%) |
| Renter Occupied HU | 749 (18.1%) |
| Vacant Housing Units | 360 ( 8.7%) |
| Median Home Value | $273,830 |
| Average Home Value | $359,368 |
Housing Distribution
Address Breakdown
Residential
3,925
Single Family
3,925
Multi-Family
0
Businesses
114
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Listed by: Brianna Buckner • Rocky Top Realty
Mls Name: East Tennessee Realtors
Mls ID: #1320821