2743 Colonial Dr APT 204Pigeon ForgeTN37863
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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 Pigeon Forge at 2743 Colonial Dr APT 204, Pigeon Forge, TN, 37863 uses $81,184 cash to close to unlock $2,972/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,199/mo payment keeps the spread at $248/mo. Purchase price stands at $244,900, and rental yield measures 9.38% with $1,914/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 123.28% and total cumulative return in cash records $100,085. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37863, Pigeon Forge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,366 (100%) |
| Owner Occupied HU | 1,481 (27.6%) |
| Renter Occupied HU | 1,225 (22.8%) |
| Vacant Housing Units | 2,660 (49.6%) |
| Median Home Value | $344,235 |
| Average Home Value | $431,803 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,211
Multi-Family
146
Businesses
790
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Listed by: David Luther • Greater Impact Realty Lakeway
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #706764
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.