486 Steer Creek RdTellico PlainsTN37385
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 Tellico Plains at 486 Steer Creek Rd, Tellico Plains, TN, 37385 offers $1,194/mo rent that, after a $3,666/mo payment. Total monthly income is $1,194/mo. Return on cash invested measures 4.04% in year one, and rental yield stands at 1.91% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 17.45% and total cumulative return in cash reaches $43,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,194/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37385, Tellico Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,480 (100%) |
| Owner Occupied HU | 2,969 (66.3%) |
| Renter Occupied HU | 673 (15.0%) |
| Vacant Housing Units | 838 (18.7%) |
| Median Home Value | $259,500 |
| Average Home Value | $359,625 |
Housing Distribution
Address Breakdown
Residential
3,639
Single Family
3,599
Multi-Family
40
Businesses
160
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Listed by: Missy Hawkins • Realty Executives Main Street
Mls Name: East Tennessee Realtors
Mls ID: #1311232