354 Lake Catherine LnFairfield GladeTN38558
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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 Fairfield Glade at 354 Lake Catherine Ln, Fairfield Glade, TN, 38558 with 5% annual appreciation on a $325,000 basis while $1,980/mo rent supports operations. Total monthly income totals $1,980/mo and a $1,591/mo payment preserves $34/mo for cash returns. Annual cash flow comes to $411/yr on $107,738 deployed, and return on cash invested reaches 20.29% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 7.31%. Five-year ROI measures 104.64% and total cumulative return in cash totals $112,741.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,980/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
3,475 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38558, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,862 (100%) |
| Owner Occupied HU | 4,606 (78.6%) |
| Renter Occupied HU | 511 ( 8.7%) |
| Vacant Housing Units | 745 (12.7%) |
| Median Home Value | $349,686 |
| Average Home Value | $405,264 |
Housing Distribution
Address Breakdown
Residential
5,740
Single Family
5,524
Multi-Family
216
Businesses
87
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Listed by: Karen D'Agostino • Crye-Leike Brown Realty
Mls Name: East Tennessee Realtors
Mls ID: #1322890