1962 Highway 70 E LOT 52&58CrossvilleTN38555
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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 Crossville at 1962 Highway 70 E LOT 52&58, Crossville, TN, 38555 uses $75,914 cash to close to unlock $5,148/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,121/mo payment keeps the spread at $429/mo. Purchase price stands at $229,000, and rental yield measures 9.43% with $1,800/mo rent. Return on cash invested shows 26.69% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 139.02% and total cumulative return in cash records $105,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38555, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,843 (100%) |
| Owner Occupied HU | 5,611 (57.0%) |
| Renter Occupied HU | 3,284 (33.4%) |
| Vacant Housing Units | 948 ( 9.6%) |
| Median Home Value | $279,190 |
| Average Home Value | $344,374 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,669
Multi-Family
615
Businesses
1,110
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Listed by: Cheryl Houston • Berkshire Hathaway HomeServices Southern Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3002342