309 Hill AveSurgoinsvilleTN37873
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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
Investment property for sale in Surgoinsville at 309 Hill Ave, Surgoinsville, TN, 37873 with 5% annual appreciation on a $260,000 basis while $1,758/mo rent supports operations. Total monthly income totals $1,758/mo and a $1,273/mo payment preserves $201/mo for cash returns. Annual cash flow comes to $2,414/yr on $86,190 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 8.11%. Five-year ROI measures 117.64% and total cumulative return in cash totals $101,393.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,758/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37873, Surgoinsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,126 (100%) |
| Owner Occupied HU | 1,515 (71.3%) |
| Renter Occupied HU | 360 (16.9%) |
| Vacant Housing Units | 251 (11.8%) |
| Median Home Value | $175,310 |
| Average Home Value | $198,675 |
Housing Distribution
Address Breakdown
Residential
1,898
Single Family
1,898
Multi-Family
0
Businesses
106
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Listed by: Alissa Covely • A Team Real Estate Professionals
Mls Name: TVRMLS
Mls ID: #9989547