216 Reed AveGreenevilleTN37743
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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
Rental property for sale in Greeneville at 216 Reed Ave, Greeneville, TN, 37743 priced at $237,500 pairs $2,018/mo rent with $597/mo cash flow after a $1,162/mo payment. Total monthly income equals $2,018/mo, and annual cash flow comes to $7,161/yr on $78,731 invested. Return on cash invested is 29% in year one, and rental yield stands at 10.2% on a $237,500 basis. Equity gained on principal adds $1,533/yr, and 5% annual appreciation accumulates to $65,617 by year five. Five-year ROI measures 151.36% and total cumulative return in cash reaches $119,169. For financing, Ziffy Mortgage’s DSCR program evaluates $2,018/mo property income against a $1,162/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37743, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,542 (100%) |
| Owner Occupied HU | 8,219 (65.5%) |
| Renter Occupied HU | 2,927 (23.3%) |
| Vacant Housing Units | 1,396 (11.1%) |
| Median Home Value | $299,287 |
| Average Home Value | $336,725 |
Housing Distribution
Address Breakdown
Residential
11,911
Single Family
11,732
Multi-Family
179
Businesses
683
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Listed by: Susan Miller • Uptown Real Estate Group
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #706947
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.