2044 Hickory Ridge Way UNIT 3334SeviervilleTN37862
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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
Rental property for sale in Sevierville at 2044 Hickory Ridge Way UNIT 3334, Sevierville, TN, 37862 generates $1,650/mo in rent, after a $2,227/mo payment. Total monthly income is $1,650/mo. Return on cash invested sits at 11.37% in year one, and rental yield is 4.35% on a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 56.78% and total cumulative return in cash sums $85,648. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,650/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
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Listed by: Britany Boatwright • MaX House brokered eXp
Mls Name: East Tennessee Realtors
Mls ID: #1316570