3302 Highway 61 ELuttrellTN37779
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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 Luttrell at 3302 Highway 61 E, Luttrell, TN, 37779 offers a 0% rental yield on a $174,900 purchase with $0/mo rent. 76% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37779, Luttrell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,262 (71.5%) |
| Renter Occupied HU | 338 (19.2%) |
| Vacant Housing Units | 165 ( 9.3%) |
| Median Home Value | $181,933 |
| Average Home Value | $247,003 |
Housing Distribution
Address Breakdown
Residential
1,642
Single Family
1,641
Multi-Family
1
Businesses
49
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No similar rental properties found nearby.
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Listed by: Tony Thomas • Weichert REALTORS- Tiger Real Estate
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1315255
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.