231 Rymer RdOld FortTN37362
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 231 Rymer Rd, Old Fort, TN, 37362 in Old Fort is priced for capital growth, not immediate cash flow. The $170,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $46,968 by year five, with $1,566/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Single Family
Built in 1995
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37362, Oldfort, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,179 (70.6%) |
| Renter Occupied HU | 294 (17.6%) |
| Vacant Housing Units | 198 (11.8%) |
| Median Home Value | $133,131 |
| Average Home Value | $198,813 |
Housing Distribution
Address Breakdown
Residential
1,567
Single Family
1,567
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37362, Oldfort, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,179 (70.6%) |
| Renter Occupied HU | 294 (17.6%) |
| Vacant Housing Units | 198 (11.8%) |
| Median Home Value | $133,131 |
| Average Home Value | $198,813 |
Housing Distribution
Address Breakdown
Residential
1,567
Single Family
1,567
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Amber Lee • WEICHERT REALTORS - SEM Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1298192
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.