1705 Floyd WayGatlinburgTN37738
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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 Gatlinburg at 1705 Floyd Way, Gatlinburg, TN, 37738 uses $135,252 cash to close to unlock $16,771/yr annual cash flow and $1,398/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $1,997/mo payment keeps the spread at $1,398/mo. Purchase price stands at $408,000, and rental yield measures 11.29% with $3,840/mo rent. Return on cash invested shows 32.31% in year one, and 5% annual appreciation builds toward $112,723 over five years. Five-year ROI reaches 169.07% and total cumulative return in cash records $228,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $1,997/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
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Listed by: Clyde Cummins • Mountain Home Realty
Mls Name: East Tennessee Realtors
Mls ID: #1314453