1305 Cove Pointe RdLa FolletteTN37766
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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 La Follette at 1305 Cove Pointe Rd, La Follette, TN, 37766 earns from $1,710/mo rent with a $3,866/mo payment. Total monthly income totals $1,710/mo. ROI tracks 6.12% on current figures, and rental yield reads 2.6% at a $789,900 purchase. Equity gained on principal adds $5,097/yr, and 5% annual appreciation supports $218,235 over five years. Five-year ROI reaches 28.61% and total cumulative return in cash sums $74,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,710/mo property income instead of your personal income.
Single Family
Built in 1998
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
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Listed by: Beth Pyne • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls ID: #1319795