110 Norman Creek RdEvensvilleTN37332
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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 Evensville at 110 Norman Creek Rd, Evensville, TN, 37332 offers $1,589/mo rent that, after a $1,150/mo payment, leaves $182/mo cash flow. Total monthly income is $1,589/mo, and annual cash flow is $2,190/yr on $77,903 cash. Return on cash invested measures 22.72% in year one, and rental yield stands at 8.11% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 117.68% and total cumulative return in cash reaches $91,672. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,589/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37332, Evensville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 871 (69.8%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 149 (11.9%) |
| Median Home Value | $249,138 |
| Average Home Value | $290,241 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
42
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Nearby investment properties with comparable prices
Listed by: Teresa D Congioloso • Keller Williams Ridge to River
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523901