114 Red Cedar RdLa FolletteTN37766
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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 La Follette at 114 Red Cedar Rd, La Follette, TN, 37766 offers a 9.66% rental yield on a $223,500 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,094/mo payment leaves $462/mo available for distribution. Annual cash flow reaches $5,544/yr on $74,090 to close, and return on cash invested stands at 27.39% in year one. Equity gained on principal adds $1,442/yr while 5% annual appreciation supports $61,749 over five years. Portfolio math shows five-year ROI at 142.78% and total cumulative return in cash at $105,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,094/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.67 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
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Listed by: Nikitia Thompson • Realty Executives-Nikitia Thompson Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1307921
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.