56 Pine RdNorrisTN37828
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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 Norris at 56 Pine Rd, Norris, TN, 37828 offers a 0% rental yield on a $409,000 purchase with $0/mo rent. 76% in year one. Equity gained on principal adds $2,639/yr while 5% annual appreciation supports $112,999 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,002/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37828, Norris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 559 (100%) |
| Owner Occupied HU | 394 (70.5%) |
| Renter Occupied HU | 126 (22.5%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $400,000 |
| Average Home Value | $405,596 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
74
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