422 Droke LnBlountvilleTN37617
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Blountville at 422 Droke Ln, Blountville, TN, 37617 priced at $449,000 pairs $3,076/mo rent with $388/mo cash flow after a $2,198/mo payment. Total monthly income equals $3,076/mo, and annual cash flow comes to $4,654/yr on $148,844 invested. Return on cash invested is 23.04% in year one, and rental yield stands at 8.22% on a $449,000 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,050 by year five. Five-year ROI measures 119.34% and total cumulative return in cash reaches $177,628. For financing, Ziffy Mortgage’s DSCR program evaluates $3,076/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
2.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37617, Blountville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,295 (100%) |
| Owner Occupied HU | 4,707 (74.8%) |
| Renter Occupied HU | 1,101 (17.5%) |
| Vacant Housing Units | 487 ( 7.7%) |
| Median Home Value | $317,271 |
| Average Home Value | $357,442 |
Housing Distribution
Address Breakdown
Residential
6,171
Single Family
6,171
Multi-Family
0
Businesses
559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Parker • Holston Realty, Inc.
Mls Name: TVRMLS
Mls ID: #9983136