283 Main StMaynardvilleTN37807
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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 Maynardville at 283 Main St, Maynardville, TN, 37807 uses $53,040 cash to close to unlock $6,220/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $783/mo payment keeps the spread at $518/mo. Purchase price stands at $160,000, and rental yield measures 11.78% with $1,571/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 166.32% and total cumulative return in cash records $88,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 2000
6,098 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37807, Maynardville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,163 (100%) |
| Owner Occupied HU | 3,345 (64.8%) |
| Renter Occupied HU | 979 (19.0%) |
| Vacant Housing Units | 839 (16.3%) |
| Median Home Value | $207,338 |
| Average Home Value | $254,197 |
Housing Distribution
Address Breakdown
Residential
4,463
Single Family
4,390
Multi-Family
73
Businesses
343
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Listed by: Annette Sydes • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1305074
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.