308 Rock Bridge RdOliver SpringsTN37840
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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 Oliver Springs at 308 Rock Bridge Rd, Oliver Springs, TN, 37840 priced at $120,000 converts $947/mo rent into $229/mo cash flow after a $587/mo obligation. Total monthly income equals $947/mo, and annual cash flow totals $2,748/yr on $39,780 invested. Return on cash invested prints 26.82% in year one, and rental yield reads 9.47% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 139.6% and total cumulative return in cash sums $55,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $947/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37840, Oliver Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,631 (100%) |
| Owner Occupied HU | 3,358 (72.5%) |
| Renter Occupied HU | 867 (18.7%) |
| Vacant Housing Units | 406 ( 8.8%) |
| Median Home Value | $230,370 |
| Average Home Value | $294,031 |
Housing Distribution
Address Breakdown
Residential
4,142
Single Family
4,142
Multi-Family
0
Businesses
259
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Listed by: Chris Hughes • NextHome Clinch Valley
Mls Name: East Tennessee Realtors
Mls ID: #1323635