225 Collier Dr #2102SeviervilleTN37862
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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
Total monthly income runs $1,188/mo, and a $1,013/mo payment. Purchase price stands at $207,000, and rental yield measures 6.89% with $1,188/mo rent. Return on cash invested shows 19.02% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 97.87% and total cumulative return in cash records $67,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,188/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Condo
Built in 2005
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: Melanie Sunshine Darlin-Gatlin • Realty Works, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1322842