228 McCarter LnCumberland GapTN37724
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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 Cumberland Gap at 228 McCarter Ln, Cumberland Gap, TN, 37724 priced at $490,000 converts $0/mo rent into after a $2,398/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.76% in year one, and rental yield reads 0% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1981
18.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37724, Cumberland Gap, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,481 (100%) |
| Owner Occupied HU | 887 (59.9%) |
| Renter Occupied HU | 379 (25.6%) |
| Vacant Housing Units | 215 (14.5%) |
| Median Home Value | $238,478 |
| Average Home Value | $317,568 |
Housing Distribution
Address Breakdown
Residential
1,398
Single Family
1,267
Multi-Family
131
Businesses
57
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Rob Carpenter • MG Rise Real Estate Group
Mls Name: East Tennessee Realtors
Mls ID: #1321766