535 Rarity Bay Pkwy APT 106VonoreTN37885
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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 Vonore at 535 Rarity Bay Pkwy APT 106, Vonore, TN, 37885 generates $3,420/mo in rent and, after a $1,835/mo payment, leaves $1,176/mo in cash flow. Total monthly income is $3,420/mo, and annual cash flow is $14,107/yr on $124,313 invested. Return on cash invested sits at 31.26% in year one, and rental yield is 10.94% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 163.45% and total cumulative return in cash sums $203,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,420/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37885, Vonore, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,210 (100%) |
| Owner Occupied HU | 2,386 (74.3%) |
| Renter Occupied HU | 483 (15.0%) |
| Vacant Housing Units | 341 (10.6%) |
| Median Home Value | $393,593 |
| Average Home Value | $461,332 |
Housing Distribution
Address Breakdown
Residential
3,041
Single Family
3,041
Multi-Family
0
Businesses
206
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Listed by: Jennifer Shuler • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1299226
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.