2306 Highway 61 WAndersonvilleTN37705
Nearby investment properties with comparable rents
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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 Andersonville at 2306 Highway 61 W, Andersonville, TN, 37705 uses $76,245 cash to close to unlock $2,171/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $1,126/mo payment keeps the spread at $181/mo. Purchase price stands at $230,000, and rental yield measures 8.13% with $1,558/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 117.84% and total cumulative return in cash records $89,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1980
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37705, Andersonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,700 (100%) |
| Owner Occupied HU | 1,911 (70.8%) |
| Renter Occupied HU | 330 (12.2%) |
| Vacant Housing Units | 459 (17.0%) |
| Median Home Value | $363,469 |
| Average Home Value | $395,281 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,050
Multi-Family
69
Businesses
105
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Listed by: Shane Bales • Solid Rock Realty
Mls Name: East Tennessee Realtors
Mls ID: #1311328