230 Old Fishery RdErwinTN37650
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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 230 Old Fishery Rd, Erwin, TN, 37650 uses $55,526 cash to close to unlock $7,838/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $1,656/mo, and a $820/mo payment keeps the spread at $653/mo. Purchase price stands at $167,500, and rental yield measures 11.86% with $1,656/mo rent. Return on cash invested shows 34.02% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 178.34% and total cumulative return in cash records $99,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $820/mo payment rather than investor’s personal income.
Single Family
Built in 1910
N/A 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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