318 Waters Edge Way LOT 32Tracy CityTN37387
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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 Tracy City at 318 Waters Edge Way LOT 32, Tracy City, TN, 37387 offers a 0% rental yield on a $364,000 purchase with $0/mo rent. 76% in year one. Equity gained on principal adds $2,349/yr while 5% annual appreciation supports $100,566 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,782/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37387, Tracy City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,309 (67.3%) |
| Renter Occupied HU | 404 (20.8%) |
| Vacant Housing Units | 231 (11.9%) |
| Median Home Value | $157,825 |
| Average Home Value | $205,718 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,388
Multi-Family
0
Businesses
144
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No similar rental properties found nearby.
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Listed by: Marie Ellen (Ellie) Pratt • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3012709