244 Forrest Loop WayGatlinburgTN37738
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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 Gatlinburg at 244 Forrest Loop Way, Gatlinburg, TN, 37738 priced at $490,000 pairs $3,370/mo rent with $437/mo cash flow after a $2,398/mo payment. Total monthly income equals $3,370/mo, and annual cash flow comes to $5,245/yr on $162,435 invested. Return on cash invested is 23.14% in year one, and rental yield stands at 8.25% on a $490,000 basis. Equity gained on principal adds $3,162/yr, and 5% annual appreciation accumulates to $135,378 by year five. Five-year ROI measures 119.91% and total cumulative return in cash reaches $194,772. For financing, Ziffy Mortgage’s DSCR program evaluates $3,370/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
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Listed by: Reagen Natho • eXp Realty, LLC 7720
Mls Name: GSMAR, GSMMLS
Mls ID: #308862