308 Mimosa StTazewellTN37879
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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 Tazewell at 308 Mimosa St, Tazewell, TN, 37879 offers $1,320/mo rent that, after a $1,859/mo payment. Total monthly income is $1,320/mo. Return on cash invested measures 10.82% in year one, and rental yield stands at 4.17% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 53.87% and total cumulative return in cash reaches $67,841. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37879, Tazewell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,129 (100%) |
| Owner Occupied HU | 3,265 (63.7%) |
| Renter Occupied HU | 1,197 (23.3%) |
| Vacant Housing Units | 667 (13.0%) |
| Median Home Value | $183,614 |
| Average Home Value | $268,640 |
Housing Distribution
Address Breakdown
Residential
4,717
Single Family
4,642
Multi-Family
75
Businesses
320
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