4563 Cherokee DrStrawberry PlainsTN37871
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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 Strawberry Plains at 4563 Cherokee Dr, Strawberry Plains, TN, 37871 offers a 7.56% rental yield on a $219,000 purchase with $1,380/mo rent. Total monthly income registers $1,380/mo, and a $1,072/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $827/yr on $72,599 to close, and return on cash invested stands at 21.05% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 108.68% and total cumulative return in cash at $78,897. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37871, Strawberry Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 3,030 (73.2%) |
| Renter Occupied HU | 749 (18.1%) |
| Vacant Housing Units | 360 ( 8.7%) |
| Median Home Value | $273,830 |
| Average Home Value | $359,368 |
Housing Distribution
Address Breakdown
Residential
3,925
Single Family
3,925
Multi-Family
0
Businesses
114
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Listed by: Steve Koleno • Beycome Brokerage Realty, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1323690