1615 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
Investment property for sale in Parrottsville at 1615 Old Parrottsville Hwy, Parrottsville, TN, 37843 offers a 9.9% rental yield on a $279,000 purchase with $2,302/mo rent. Total monthly income registers $2,302/mo, and a $1,366/mo payment leaves $631/mo available for distribution. Annual cash flow reaches $7,577/yr on $92,489 to close, and return on cash invested stands at 28.1% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 146.54% and total cumulative return in cash at $135,535. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,302/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1.23 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: Brian Keller • Brian Keller Realty
Mls Name: Lakeway Area AOR
Mls ID: #709487