2503 Grotto LnSeviervilleTN37876
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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 Sevierville at 2503 Grotto Ln, Sevierville, TN, 37876 uses $91,328 cash to close to unlock $11,895/yr annual cash flow and $991/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,348/mo payment keeps the spread at $991/mo. Purchase price stands at $275,500, and rental yield measures 11.5% with $2,640/mo rent. Return on cash invested shows 32.93% in year one, and 5% annual appreciation builds toward $76,116 over five years. Five-year ROI reaches 172.44% and total cumulative return in cash records $157,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,348/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37876, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,008 (100%) |
| Owner Occupied HU | 10,602 (55.8%) |
| Renter Occupied HU | 3,518 (18.5%) |
| Vacant Housing Units | 4,888 (25.7%) |
| Median Home Value | $361,395 |
| Average Home Value | $411,435 |
Housing Distribution
Address Breakdown
Residential
15,519
Single Family
15,344
Multi-Family
175
Businesses
548
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Listed by: Keela Payne • Mountain Home Realty
Mls Name: East Tennessee Realtors
Mls ID: #1319831