2055 Chisholm RdIron CityTN38463
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
Investment property for sale in Iron City at 2055 Chisholm Rd, Iron City, TN, 38463 offers a 7.1% rental yield on a $265,000 purchase with $1,567/mo rent. 65% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 101.17% and total cumulative return in cash at $88,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,567/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38463, Iron City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,315 (100%) |
| Owner Occupied HU | 977 (74.3%) |
| Renter Occupied HU | 185 (14.1%) |
| Vacant Housing Units | 153 (11.6%) |
| Median Home Value | $193,750 |
| Average Home Value | $234,040 |
Housing Distribution
Address Breakdown
Residential
1,130
Single Family
1,130
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Corey Jackson • LPT Realty LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2698377
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-13 02:36:17 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)