297 Laurel WayMountain CityTN37683
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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 Mountain City at 297 Laurel Way, Mountain City, TN, 37683 with 5% annual appreciation on a $449,900 basis while $2,623/mo rent supports operations. 34% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 7%. Five-year ROI measures 99.54% and total cumulative return in cash totals $148,462. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,623/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37683, Mountain City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,875 (100%) |
| Owner Occupied HU | 3,735 (63.6%) |
| Renter Occupied HU | 1,284 (21.9%) |
| Vacant Housing Units | 856 (14.6%) |
| Median Home Value | $216,106 |
| Average Home Value | $285,732 |
Housing Distribution
Address Breakdown
Residential
5,507
Single Family
5,426
Multi-Family
81
Businesses
424
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Listed by: Jessica Harkness • Foundation Realty Group
Mls Name: TVRMLS
Mls ID: #9986932