1554 Old Parrottsville HwyParrottsvilleTN37843
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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 Parrottsville at 1554 Old Parrottsville Hwy, Parrottsville, TN, 37843 priced at $600,000 converts $2,092/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,092/mo. Return on cash invested prints 10.94% in year one, and rental yield reads 4.18% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 54.44% and total cumulative return in cash sums $107,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,092/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Manufactured
Built in 1964
1.10 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: Tuesdee Davis • Tennessee Tuesdee Real Estate, LLC
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #707230
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.