1424 John Sparks DrFriendsvilleTN37737
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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 Friendsville at 1424 John Sparks Dr, Friendsville, TN, 37737 uses $111,053 cash to close to unlock $6,963/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $2,586/mo, and a $1,640/mo payment keeps the spread at $580/mo. Purchase price stands at $335,000, and rental yield measures 9.26% with $2,586/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash records $151,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,586/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37737, Friendsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,081 (100%) |
| Owner Occupied HU | 2,488 (80.8%) |
| Renter Occupied HU | 418 (13.6%) |
| Vacant Housing Units | 175 ( 5.7%) |
| Median Home Value | $372,659 |
| Average Home Value | $465,358 |
Housing Distribution
Address Breakdown
Residential
2,722
Single Family
2,715
Multi-Family
7
Businesses
96
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Listed by: Amie Dearing • Keller Williams
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1320551
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 - Eric Young - (865) 378-5282.