2 Green Dr #3PikevilleTN37367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Pikeville at 2 Green Dr #3, Pikeville, TN, 37367 generates $1,296/mo in rent and, after a $808/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,296/mo, and annual cash flow is $3,694/yr on $54,698 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 9.43% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 138.78% and total cumulative return in cash sums $75,911. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,296/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 2023
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37367, Pikeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,097 (66.0%) |
| Renter Occupied HU | 961 (20.5%) |
| Vacant Housing Units | 633 (13.5%) |
| Median Home Value | $216,071 |
| Average Home Value | $245,873 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,194
Multi-Family
41
Businesses
289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices