203 Cherry St UNIT 21-24PikevilleTN37367
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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 Pikeville at 203 Cherry St UNIT 21-24, Pikeville, TN, 37367 listed at $139,900 pairs $1,122/mo rent with a $685/mo payment to leave $284/mo cash flow. Total monthly income runs $1,122/mo, and annual cash flow reaches $3,411/yr on $46,377 cash to close. Return on cash invested measures 27.26% in year one, and rental yield registers 9.62% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 142.11% and total cumulative return in cash totals $65,907. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,122/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
0.34 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
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