35 Hermitage StGreenevilleTN37745
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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 Greeneville at 35 Hermitage St, Greeneville, TN, 37745 priced at $238,000 converts $1,832/mo rent into $407/mo cash flow after a $1,165/mo obligation. Total monthly income equals $1,832/mo, and annual cash flow totals $4,886/yr on $78,897 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.24% against a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation compiles into $65,755 by year five. Five-year ROI reaches 135.82% and total cumulative return in cash sums $107,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,832/mo property income covering a $1,165/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37745, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,697 (63.6%) |
| Renter Occupied HU | 2,386 (26.6%) |
| Vacant Housing Units | 875 ( 9.8%) |
| Median Home Value | $261,150 |
| Average Home Value | $344,530 |
Housing Distribution
Address Breakdown
Residential
8,762
Single Family
8,444
Multi-Family
318
Businesses
946
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Listed by: Cheryl Fillers • Greeneville Real Estate & Auction Team
Mls Name: TVRMLS
Mls ID: #9989564