328 Edgewood DrLa FolletteTN37766
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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 La Follette at 328 Edgewood Dr, La Follette, TN, 37766 priced at $298,500 converts $1,710/mo rent into after a $1,461/mo obligation. Total monthly income equals $1,710/mo. Return on cash invested prints 18.98% in year one, and rental yield reads 6.87% against a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation compiles into $82,470 by year five. Five-year ROI reaches 97.62% and total cumulative return in cash sums $96,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,710/mo property income covering a $1,461/mo payment, not borrower’s personal income.
Single Family
Built in 1965
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
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Listed by: Gage Dople • Wallace
Mls Name: East Tennessee Realtors
Mls ID: #1317495