215 Okolona DrErwinTN37650
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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 Erwin at 215 Okolona Dr, Erwin, TN, 37650 priced at $255,000 converts $979/mo rent into after a $1,248/mo obligation. Total monthly income equals $979/mo. Return on cash invested prints 12.14% in year one, and rental yield reads 4.61% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 60.91% and total cumulative return in cash sums $51,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $979/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37650, Erwin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,794 (64.4%) |
| Renter Occupied HU | 1,407 (23.9%) |
| Vacant Housing Units | 692 (11.7%) |
| Median Home Value | $166,334 |
| Average Home Value | $212,859 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,606
Multi-Family
107
Businesses
446
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