47 Wattenbarger Gap RdGreenevilleTN37745
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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 47 Wattenbarger Gap Rd, Greeneville, TN, 37745 priced at $390,000 converts $1,710/mo rent into after a $1,909/mo obligation. Total monthly income equals $1,710/mo. Return on cash invested prints 14.11% in year one, and rental yield reads 5.26% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 71.5% and total cumulative return in cash sums $92,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,710/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
4.46 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: Terri Byers-Talbert • Epique Realty
Mls Name: TVRMLS
Mls ID: #9987679