516 Proffitt Rd UNIT 1GatlinburgTN37738
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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 Gatlinburg at 516 Proffitt Rd UNIT 1, Gatlinburg, TN, 37738 generates $2,962/mo in rent and, after a $2,135/mo payment, leaves $351/mo in cash flow. Total monthly income is $2,962/mo, and annual cash flow is $4,210/yr on $144,600 invested. Return on cash invested sits at 22.82% in year one, and rental yield is 8.15% on a $436,200 entry. Equity gained on principal adds $2,815/yr, while 5% annual appreciation builds toward $120,514 over five years. Five-year ROI reaches 118.19% and total cumulative return in cash sums $170,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,962/mo property income rather than buyer’s personal income.
Condo
Built in 2005
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
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