317 Simmons AveErwinTN37650
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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 Erwin at 317 Simmons Ave, Erwin, TN, 37650 uses $105,417 cash to close to unlock $3,286/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,177/mo, and a $1,556/mo payment keeps the spread at $274/mo. Purchase price stands at $318,000, and rental yield measures 8.22% with $2,177/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 119.29% and total cumulative return in cash records $125,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,177/mo property income covering a $1,556/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37650, Erwin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,794 (64.4%) |
| Renter Occupied HU | 1,407 (23.9%) |
| Vacant Housing Units | 692 (11.7%) |
| Median Home Value | $166,334 |
| Average Home Value | $212,859 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,606
Multi-Family
107
Businesses
446
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