1235 Ski Mountain Rd APT 617GatlinburgTN37738
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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
Rental property for sale in Gatlinburg at 1235 Ski Mountain Rd APT 617, Gatlinburg, TN, 37738 generates $3,008/mo in rent and, after a $1,884/mo payment, leaves $704/mo in cash flow. Total monthly income is $3,008/mo, and annual cash flow is $8,445/yr on $127,628 invested. Return on cash invested sits at 26.53% in year one, and rental yield is 9.38% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 138.05% and total cumulative return in cash sums $176,194. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,008/mo property income rather than buyer’s personal income.
Condo
Built in 1982
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
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Listed by: Zeke Goodman • eXp Realty, LLC 7720
Mls Name: GSMAR, GSMMLS
Mls ID: #308294