1541 Mecca PikeTellico PlainsTN37385
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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 Tellico Plains at 1541 Mecca Pike, Tellico Plains, TN, 37385 priced at $100,000 converts $787/mo rent into $189/mo cash flow after a $489/mo obligation. Total monthly income equals $787/mo, and annual cash flow totals $2,266/yr on $33,150 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 9.44% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 139.27% and total cumulative return in cash sums $46,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $787/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1920
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37385, Tellico Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,480 (100%) |
| Owner Occupied HU | 2,969 (66.3%) |
| Renter Occupied HU | 673 (15.0%) |
| Vacant Housing Units | 838 (18.7%) |
| Median Home Value | $259,500 |
| Average Home Value | $359,625 |
Housing Distribution
Address Breakdown
Residential
3,639
Single Family
3,599
Multi-Family
40
Businesses
160
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