118 E Harbor View Ln #ALa 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
Investment property for sale in La Follette at 118 E Harbor View Ln #A, La Follette, TN, 37766 at $349,000 posts ROI 23.13% with $311/mo cash flow from $2,400/mo rent. Total monthly income equals $2,400/mo, and annual cash flow records $3,732/yr on $115,694 to close. Return on cash invested measures 23.13% and rental yield reads 8.25% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 119.91% and total cumulative return in cash totals $138,732.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2021
N/A 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: Scott Fields • Fields Real Estate Co., INC.
Mls Name: East Tennessee Realtors
Mls ID: #1317876