566 Old Spencer RdPikevilleTN37367
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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 Pikeville at 566 Old Spencer Rd, Pikeville, TN, 37367 offers a 9.53% rental yield on a $165,000 purchase with $1,310/mo rent. Total monthly income registers $1,310/mo, and a $808/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,862/yr on $54,698 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 140.43% and total cumulative return in cash at $76,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,310/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37367, Pikeville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,097 (66.0%) |
| Renter Occupied HU | 961 (20.5%) |
| Vacant Housing Units | 633 (13.5%) |
| Median Home Value | $216,071 |
| Average Home Value | $245,873 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,194
Multi-Family
41
Businesses
289
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