244 Pierce RdEvensvilleTN37332
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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 Evensville at 244 Pierce Rd, Evensville, TN, 37332 listed at $280,000 pairs $1,620/mo rent with a $1,370/mo payment. Total monthly income runs $1,620/mo. Return on cash invested measures 19.19% in year one, and rental yield registers 6.94% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 98.74% and total cumulative return in cash totals $91,653. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,620/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37332, Evensville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 871 (69.8%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 149 (11.9%) |
| Median Home Value | $249,138 |
| Average Home Value | $290,241 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
42
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Listed by: Teresa D Congioloso • Keller Williams Ridge to River
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521990