499 Phillips Flats RdOneidaTN37841
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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 Oneida at 499 Phillips Flats Rd, Oneida, TN, 37841 offers a 9.71% rental yield on a $170,300 purchase with $1,378/mo rent. Total monthly income registers $1,378/mo, and a $834/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,297/yr on $56,454 to close, and return on cash invested stands at 27.52% in year one. Equity gained on principal adds $1,099/yr while 5% annual appreciation supports $47,051 over five years. Portfolio math shows five-year ROI at 143.47% and total cumulative return in cash at $80,995. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,378/mo property income against a $834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37841, Oneida, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,761 (63.2%) |
| Renter Occupied HU | 1,100 (25.2%) |
| Vacant Housing Units | 510 (11.7%) |
| Median Home Value | $163,344 |
| Average Home Value | $220,989 |
Housing Distribution
Address Breakdown
Residential
4,054
Single Family
3,871
Multi-Family
183
Businesses
437
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Listed by: Beth Rains • North Cumberland Realty, LLC
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1299806
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.