307 Perkey WayNew TazewellTN37825
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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
Rental property for sale in New Tazewell at 307 Perkey Way, New Tazewell, TN, 37825 offers $930/mo rent that, after a $1,297/mo payment. Total monthly income is $930/mo. Return on cash invested measures 10.94% in year one, and rental yield stands at 4.21% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 54.49% and total cumulative return in cash reaches $47,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $930/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37825, New Tazewell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,613 (100%) |
| Owner Occupied HU | 2,887 (62.6%) |
| Renter Occupied HU | 1,026 (22.2%) |
| Vacant Housing Units | 700 (15.2%) |
| Median Home Value | $184,345 |
| Average Home Value | $299,781 |
Housing Distribution
Address Breakdown
Residential
4,013
Single Family
3,860
Multi-Family
153
Businesses
169
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Listed by: Daniel Martin • Turn Key Realty
Mls Name: East Tennessee Realtors
Mls ID: #1307705