508 Westland DrSeviervilleTN37862
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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 Sevierville at 508 Westland Dr, Sevierville, TN, 37862 priced at $369,900 converts $2,586/mo rent into $372/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,586/mo, and annual cash flow totals $4,466/yr on $122,622 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.39% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 122.13% and total cumulative return in cash sums $149,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,586/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37862, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,220 (100%) |
| Owner Occupied HU | 6,004 (42.2%) |
| Renter Occupied HU | 3,991 (28.1%) |
| Vacant Housing Units | 4,225 (29.7%) |
| Median Home Value | $450,911 |
| Average Home Value | $486,299 |
Housing Distribution
Address Breakdown
Residential
11,480
Single Family
10,567
Multi-Family
913
Businesses
1,201
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Listed by: Tara D'Andrea • Tennessee Elite Realty
Mls Name: East Tennessee Realtors
Mls ID: #1321590