285 Vernie Lee RdFriendsvilleTN37737
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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 Friendsville at 285 Vernie Lee Rd, Friendsville, TN, 37737 at $324,000 posts ROI 21.03% with $100/mo cash flow from $2,040/mo rent. Total monthly income equals $2,040/mo, and annual cash flow records $1,204/yr on $107,406 to close. Return on cash invested measures 21.03% and rental yield reads 7.56% at the current $324,000. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 by year five. Five-year ROI prints 108.61% and total cumulative return in cash totals $116,651.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,040/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37737, Friendsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,081 (100%) |
| Owner Occupied HU | 2,488 (80.8%) |
| Renter Occupied HU | 418 (13.6%) |
| Vacant Housing Units | 175 ( 5.7%) |
| Median Home Value | $372,659 |
| Average Home Value | $465,358 |
Housing Distribution
Address Breakdown
Residential
2,722
Single Family
2,715
Multi-Family
7
Businesses
96
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Listed by: Anne Hack • The Price Agency, Realty Executives
Mls Name: East Tennessee Realtors
Mls ID: #1317556