1010 Gay StSeviervilleTN37862
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1010 Gay St, Sevierville, TN, 37862 in Sevierville: $2,438/mo in rent, $792/mo net, 10.64% gross yield, all on a $275,000 acquisition. The 1.97 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $75,977 in value, and $2,533/yr in principal paydown steadily builds equity. Projected total cumulative return: $154,971.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.8% |
| Monthly Cash Flow | $792 | $1,250 |
City averages based on Sevierville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,438 |
| Total Monthly Debt Service | $1,537 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Collins • Realty Executives Smoky Mountains
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1326413