308 McCaslin AveSweetwaterTN37874
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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 Sweetwater at 308 McCaslin Ave, Sweetwater, TN, 37874 priced at $259,900 pairs $1,199/mo rent with after a $1,272/mo payment. Total monthly income equals $1,199/mo. Return on cash invested is 14.94% in year one, and rental yield stands at 5.54% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 75.96% and total cumulative return in cash reaches $65,446. For financing, Ziffy Mortgage’s DSCR program evaluates $1,199/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37874, Sweetwater, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,391 (100%) |
| Owner Occupied HU | 5,092 (68.9%) |
| Renter Occupied HU | 1,685 (22.8%) |
| Vacant Housing Units | 614 ( 8.3%) |
| Median Home Value | $221,768 |
| Average Home Value | $282,355 |
Housing Distribution
Address Breakdown
Residential
6,673
Single Family
6,589
Multi-Family
84
Businesses
461
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Listed by: Adam Pipkin • Tennessee Life Real Estate Professionals
Mls Name: East Tennessee Realtors
Mls ID: #1313650