12 Northcove Estates DrGreenbackTN37742
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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
Total monthly income runs $3,420/mo, and a $6,456/mo payment. Purchase price stands at $1,319,000, and rental yield measures 3.11% with $3,420/mo rent. Return on cash invested shows 7.55% in year one, and 5% annual appreciation builds toward $364,415 over five years. Five-year ROI reaches 36.29% and total cumulative return in cash records $155,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,420/mo property income covering a $6,456/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.63 Acres lot
$N/A/sqft
$270 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37742, Greenback, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,874 (100%) |
| Owner Occupied HU | 2,343 (81.5%) |
| Renter Occupied HU | 347 (12.1%) |
| Vacant Housing Units | 184 ( 6.4%) |
| Median Home Value | $361,028 |
| Average Home Value | $411,004 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
64
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Listed by: Karen Packett • Lake Homes Realty of East Tennessee
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1293965
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.