1847 Fairview RdOliver SpringsTN37840
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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 Oliver Springs at 1847 Fairview Rd, Oliver Springs, TN, 37840 listed at $299,900 pairs $1,860/mo rent with a $1,468/mo payment to leave $65/mo cash flow. Total monthly income runs $1,860/mo, and annual cash flow reaches $775/yr on $99,417 cash to close. Return on cash invested measures 20.69% in year one, and rental yield registers 7.44% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 106.76% and total cumulative return in cash totals $106,132. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1962
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37840, Oliver Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,631 (100%) |
| Owner Occupied HU | 3,358 (72.5%) |
| Renter Occupied HU | 867 (18.7%) |
| Vacant Housing Units | 406 ( 8.8%) |
| Median Home Value | $230,370 |
| Average Home Value | $294,031 |
Housing Distribution
Address Breakdown
Residential
4,142
Single Family
4,142
Multi-Family
0
Businesses
259
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Listed by: Debra Lively • Realty Executives Associates on the Square
Mls Name: East Tennessee Realtors
Mls ID: #1318746