403 N 13th StLa FolletteTN37766
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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 La Follette at 403 N 13th St, La Follette, TN, 37766 listed at $189,900 pairs $1,710/mo rent with a $929/mo payment to leave $574/mo cash flow. Total monthly income runs $1,710/mo, and annual cash flow reaches $6,884/yr on $62,952 cash to close. Return on cash invested measures 30.84% in year one, and rental yield registers 10.81% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 161.24% and total cumulative return in cash totals $101,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,710/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
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Listed by: Lorra Ripperger • Ayers Auction and Real Estate
Mls Name: East Tennessee Realtors
Mls ID: #1325132