124 Plaza Dr #3107Pigeon 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 #3107, Pigeon Forge, TN, 37863 listed at $455,700 pairs $2,575/mo rent with a $2,230/mo payment. Total monthly income runs $2,575/mo. Return on cash invested measures 16.4% in year one, and rental yield registers 6.78% at a $455,700 basis. Equity gained on principal adds $2,941/yr, and annual property appreciation at 5% supports $125,902 by year five. Five-year ROI tracks 84.6% and total cumulative return in cash totals $127,807. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,575/mo property income relative to a $2,230/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
$289 monthly 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: Deborah Korlin • Century 21 MVP
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1304452
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.