105 Deaton StErwinTN37650
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
Investment Highlights
Rental property for sale in Erwin at 105 Deaton St, Erwin, TN, 37650 priced at $189,900 converts $1,871/mo rent into $735/mo cash flow after a $929/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $8,816/yr on $62,952 invested. Return on cash invested prints 33.91% in year one, and rental yield reads 11.82% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 177.67% and total cumulative return in cash sums $111,845. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1975
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37650, Erwin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,794 (64.4%) |
| Renter Occupied HU | 1,407 (23.9%) |
| Vacant Housing Units | 692 (11.7%) |
| Median Home Value | $166,334 |
| Average Home Value | $212,859 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,606
Multi-Family
107
Businesses
446
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Listed by: Aaron Peterson • True North Real Estate
Mls Name: TVRMLS
Mls ID: #9979352
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