229 Simmons AveErwinTN37650
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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
Investment property for sale in Erwin at 229 Simmons Ave, Erwin, TN, 37650 earns $1,015/mo cash flow from $1,724/mo rent with a $554/mo payment. Total monthly income totals $1,724/mo, and annual cash flow totals $12,185/yr on $37,493 capital. ROI tracks 52.41% on current figures, and rental yield reads 18.29% at a $113,100 purchase. Equity gained on principal adds $730/yr, and 5% annual appreciation supports $31,247 over five years. Five-year ROI reaches 277.27% and total cumulative return in cash sums $103,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,724/mo property income instead of your personal income.
Single Family
Built in 1959
9,240 sqft 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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