124 Plaza Dr UNIT 2105Pigeon 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
Rental property for sale in Pigeon Forge at 124 Plaza Dr UNIT 2105, Pigeon Forge, TN, 37863 generates $2,640/mo in rent and, after a $1,740/mo payment, leaves $276/mo in cash flow. Total monthly income is $2,640/mo, and annual cash flow is $3,311/yr on $117,848 invested. Return on cash invested sits at 22.72% in year one, and rental yield is 8.91% on a $355,500 entry. Equity gained on principal adds $2,294/yr, while 5% annual appreciation builds toward $98,218 over five years. Five-year ROI reaches 118.5% and total cumulative return in cash sums $139,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$236 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: Laura L. Toole • Prestigious Properties
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1306734
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.