1107 E Elm StLa FolletteTN37766
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 La Follette at 1107 E Elm St, La Follette, TN, 37766 priced at $434,900 pairs $2,522/mo rent with after a $2,129/mo payment. Total monthly income equals $2,522/mo. Return on cash invested is 19.23% in year one, and rental yield stands at 6.96% on a $434,900 basis. Equity gained on principal adds $2,806/yr, and 5% annual appreciation accumulates to $120,155 by year five. Five-year ROI measures 98.95% and total cumulative return in cash reaches $142,649. For financing, Ziffy Mortgage’s DSCR program evaluates $2,522/mo property income against a $2,129/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Will Shankles • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls ID: #1301256