110 3rd StCorrytonTN37721
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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 Corryton at 110 3rd St, Corryton, TN, 37721 uses $51,383 cash to close to unlock $3,597/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,228/mo, and a $759/mo payment keeps the spread at $300/mo. Purchase price stands at $155,000, and rental yield measures 9.51% with $1,228/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 140.13% and total cumulative return in cash records $72,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,228/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1995
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37721, Corryton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,015 (100%) |
| Owner Occupied HU | 4,775 (79.4%) |
| Renter Occupied HU | 859 (14.3%) |
| Vacant Housing Units | 381 ( 6.3%) |
| Median Home Value | $320,399 |
| Average Home Value | $360,274 |
Housing Distribution
Address Breakdown
Residential
5,928
Single Family
5,928
Multi-Family
0
Businesses
120
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