574 Bailey StGreenevilleTN37745
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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 Greeneville at 574 Bailey St, Greeneville, TN, 37745 priced at $259,900 converts $1,822/mo rent into $266/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,822/mo, and annual cash flow totals $3,195/yr on $86,157 invested. Return on cash invested prints 23.62% in year one, and rental yield reads 8.41% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 122.51% and total cumulative return in cash sums $105,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,822/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37745, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,697 (63.6%) |
| Renter Occupied HU | 2,386 (26.6%) |
| Vacant Housing Units | 875 ( 9.8%) |
| Median Home Value | $261,150 |
| Average Home Value | $344,530 |
Housing Distribution
Address Breakdown
Residential
8,762
Single Family
8,444
Multi-Family
318
Businesses
946
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Listed by: Amanda Jordan Brown • Greeneville Real Estate & Auction Team
Mls Name: TVRMLS
Mls ID: #9977518
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