124 Plaza Dr #2403Pigeon ForgeTN37863
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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 Pigeon Forge at 124 Plaza Dr #2403, Pigeon Forge, TN, 37863 offers a 8.57% rental yield on a $369,500 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,809/mo payment leaves $428/mo available for distribution. Annual cash flow reaches $5,132/yr on $122,489 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $2,384/yr while 5% annual appreciation supports $102,086 over five years. Portfolio math shows five-year ROI at 125.04% and total cumulative return in cash at $153,160. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,809/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37863, Pigeon Forge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,366 (100%) |
| Owner Occupied HU | 1,481 (27.6%) |
| Renter Occupied HU | 1,225 (22.8%) |
| Vacant Housing Units | 2,660 (49.6%) |
| Median Home Value | $344,235 |
| Average Home Value | $431,803 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,211
Multi-Family
146
Businesses
790
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Listed by: Michelle Arwood • Century 21 MVP
Mls Name: East Tennessee Realtors
Mls ID: #1316887