1099 Hargis RdGrimsleyTN38565
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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 Grimsley at 1099 Hargis Rd, Grimsley, TN, 38565 priced at $362,500 converts $0/mo rent into after a $1,774/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.76% in year one, and rental yield reads 0% against a $362,500 entry. Equity gained on principal adds $2,339/yr, while 5% annual appreciation compiles into $100,152 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,774/mo payment, not borrower’s personal income.
Single Family
Built in 2021
3.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38565, Grimsley, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 497 (100%) |
| Owner Occupied HU | 409 (82.3%) |
| Renter Occupied HU | 43 ( 8.7%) |
| Vacant Housing Units | 45 ( 9.1%) |
| Median Home Value | $212,662 |
| Average Home Value | $327,879 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Valorie Whitson • Monarch Realty Group
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1261568
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282. [Click here for more information](/info/mls-disclaimers/#mls_154)