545 Rarity Bay Pkwy APT 103VonoreTN37885
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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 Vonore at 545 Rarity Bay Pkwy APT 103, Vonore, TN, 37885 offers a 9.84% rental yield on a $277,000 purchase with $2,272/mo rent. Total monthly income registers $2,272/mo, and a $1,356/mo payment leaves $614/mo available for distribution. Annual cash flow reaches $7,363/yr on $91,826 to close, and return on cash invested stands at 27.93% in year one. Equity gained on principal adds $1,787/yr while 5% annual appreciation supports $76,530 over five years. Portfolio math shows five-year ROI at 145.6% and total cumulative return in cash at $133,695. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,272/mo property income against a $1,356/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
1 Acres 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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