167 Marina LnLa FolletteTN37766
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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 La Follette at 167 Marina Ln, La Follette, TN, 37766 uses $82,875 cash to close to unlock $1,621/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $1,224/mo payment keeps the spread at $135/mo. Purchase price stands at $250,000, and rental yield measures 7.83% with $1,632/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.11% and total cumulative return in cash records $93,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2003
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
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Listed by: Janelle Poland • Gables & Gates, REALTORS
Mls Name: East Tennessee Realtors
Mls ID: #1306967