304 Carly WayGatlinburgTN37738
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 Gatlinburg at 304 Carly Way, Gatlinburg, TN, 37738 priced at $950,000 converts $4,356/mo rent into after a $4,650/mo obligation. Total monthly income equals $4,356/mo. Return on cash invested prints 14.95% in year one, and rental yield reads 5.5% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 75.94% and total cumulative return in cash sums $237,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,356/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1996
1.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Jacobsson • United Real Estate Solutions
Mls Name: GSMAR, GSMMLS
Mls ID: #309442