522 Norris Hancock RdBig RockTN37023
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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 Big Rock at 522 Norris Hancock Rd, Big Rock, TN, 37023 generates $1,763/mo in rent and, after a $1,370/mo payment, leaves $87/mo in cash flow. Total monthly income is $1,763/mo, and annual cash flow is $1,049/yr on $92,787 invested. Return on cash invested sits at 21.04% in year one, and rental yield is 7.56% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 108.68% and total cumulative return in cash sums $100,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,763/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
20.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37023, Big Rock, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 597 (68.7%) |
| Renter Occupied HU | 182 (20.9%) |
| Vacant Housing Units | 90 (10.4%) |
| Median Home Value | $232,108 |
| Average Home Value | $275,586 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
719
Multi-Family
0
Businesses
8
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Listed by: Patty Page • Patty Page Properties, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2813616
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-07 08:08:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)