1427 N Highway 340ParrottsvilleTN37843
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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
Total monthly income runs $1,819/mo, and a $1,542/mo payment. Purchase price stands at $315,000, and rental yield measures 6.93% with $1,819/mo rent. Return on cash invested shows 19.14% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash records $102,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,819/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 2006
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37843, Parrottsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,344 (71.9%) |
| Renter Occupied HU | 300 (16.1%) |
| Vacant Housing Units | 225 (12.0%) |
| Median Home Value | $257,813 |
| Average Home Value | $287,539 |
Housing Distribution
Address Breakdown
Residential
1,723
Single Family
1,723
Multi-Family
0
Businesses
50
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Listed by: Rombye Perry • Century 21 Legacy - Greeneville
Mls Name: TVRMLS
Mls ID: #9977115