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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Alcoa at 1240 N Wright Rd, Alcoa, TN, 37701 offers a 6.72% rental yield on a $375,000 purchase with $2,100/mo rent. 52% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 95.11% and total cumulative return in cash at $118,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 37701, Alcoa, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,749 (100%) |
| Owner Occupied HU | 2,526 (53.2%) |
| Renter Occupied HU | 1,891 (39.8%) |
| Vacant Housing Units | 332 ( 7.0%) |
| Median Home Value | $318,413 |
| Average Home Value | $346,636 |
Residential
3,552
Single Family
3,319
Multi-Family
233
Businesses
815
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Georgia Seals • Keller Williams
Mls Name: East Tennessee Realtors
Mls ID: #1324086
