345 Lick Creek RdTellico PlainsTN37385
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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 Tellico Plains at 345 Lick Creek Rd, Tellico Plains, TN, 37385 with 5% annual appreciation on a $459,900 basis while $1,194/mo rent supports operations. 64% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,062 alongside rental yield of 3.12%. Five-year ROI measures 36.76% and total cumulative return in cash totals $56,046. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,194/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37385, Tellico Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,480 (100%) |
| Owner Occupied HU | 2,969 (66.3%) |
| Renter Occupied HU | 673 (15.0%) |
| Vacant Housing Units | 838 (18.7%) |
| Median Home Value | $259,500 |
| Average Home Value | $359,625 |
Housing Distribution
Address Breakdown
Residential
3,639
Single Family
3,599
Multi-Family
40
Businesses
160
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Listed by: Corrina Ashe • Tellico Mountain Realty, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1320015