2036 Ridge Rd #2Pigeon ForgeTN37863
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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 Pigeon Forge at 2036 Ridge Rd #2, Pigeon Forge, TN, 37863 uses $112,709 cash to close to unlock $7,258/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,664/mo payment keeps the spread at $605/mo. Purchase price stands at $339,998, and rental yield measures 9.32% with $2,640/mo rent. Return on cash invested shows 26.35% in year one, and 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 137.09% and total cumulative return in cash records $154,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1993
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37863, Pigeon Forge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,366 (100%) |
| Owner Occupied HU | 1,481 (27.6%) |
| Renter Occupied HU | 1,225 (22.8%) |
| Vacant Housing Units | 2,660 (49.6%) |
| Median Home Value | $344,235 |
| Average Home Value | $431,803 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,211
Multi-Family
146
Businesses
790
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Listed by: Michael Oxford • MG Rise Real Estate Group
Mls Name: East Tennessee Realtors
Mls ID: #1316690