2829 Ridgeway TrlSeviervilleTN37862
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Sevierville at 2829 Ridgeway Trl, Sevierville, TN, 37862 priced at $484,900 converts $2,028/mo rent into after a $2,373/mo obligation. Total monthly income equals $2,028/mo. Return on cash invested prints 13.38% in year one, and rental yield reads 5.02% against a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation compiles into $133,969 by year five. Five-year ROI reaches 67.57% and total cumulative return in cash sums $108,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,028/mo property income covering a $2,373/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Floyd • MG Rise Real Estate Group
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1296493
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.