3416 Merlin WayPigeon forgeTN37862
Nearby investment properties with comparable rents
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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 Pigeon forge at 3416 Merlin Way, Pigeon forge, TN, 37862 priced at $499,000 pairs $2,153/mo rent with after a $2,442/mo payment. Total monthly income equals $2,153/mo. Return on cash invested is 12.99% in year one, and rental yield stands at 5.18% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 65.8% and total cumulative return in cash reaches $108,846. For financing, Ziffy Mortgage’s DSCR program evaluates $2,153/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2009
1,742 sqft lot
$N/A/sqft
$360 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
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Listed by: Susan Nottingham • Summit Real Estate,LLC
Mls Name: GSMAR, GSMMLS
Mls Provider:
Mls ID: #305769
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