501 Atwood StMountain CityTN37683
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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 Mountain City at 501 Atwood St, Mountain City, TN, 37683 offers a 8.3% rental yield on a $239,900 purchase with $1,660/mo rent. Total monthly income registers $1,660/mo, and a $1,174/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,689/yr on $79,527 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 120.75% and total cumulative return in cash at $96,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,660/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
3.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37683, Mountain City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,875 (100%) |
| Owner Occupied HU | 3,735 (63.6%) |
| Renter Occupied HU | 1,284 (21.9%) |
| Vacant Housing Units | 856 (14.6%) |
| Median Home Value | $216,106 |
| Average Home Value | $285,732 |
Housing Distribution
Address Breakdown
Residential
5,507
Single Family
5,426
Multi-Family
81
Businesses
424
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Listed by: Chris Mullins • Mullins Real Estate & Auction
Mls Name: TVRMLS
Mls ID: #9983958