123 S Groves RdPikevilleTN37367
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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 Pikeville at 123 S Groves Rd, Pikeville, TN, 37367 uses $36,432 cash to close to unlock $2,100/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $833/mo, and a $538/mo payment keeps the spread at $175/mo. Purchase price stands at $109,900, and rental yield measures 9.1% with $833/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash records $48,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $833/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1947
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37367, Pikeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,097 (66.0%) |
| Renter Occupied HU | 961 (20.5%) |
| Vacant Housing Units | 633 (13.5%) |
| Median Home Value | $216,071 |
| Average Home Value | $245,873 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,194
Multi-Family
41
Businesses
289
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