580 Cartwheel RdGreenevilleTN37743
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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 580 Cartwheel Rd, Greeneville, TN, 37743 priced at $140,000 pairs $1,342/mo rent with $504/mo cash flow after a $685/mo payment. Total monthly income equals $1,342/mo, and annual cash flow comes to $6,050/yr on $46,410 invested. Return on cash invested is 32.95% in year one, and rental yield stands at 11.5% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 172.59% and total cumulative return in cash reaches $80,098. For financing, Ziffy Mortgage’s DSCR program evaluates $1,342/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37743, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,542 (100%) |
| Owner Occupied HU | 8,219 (65.5%) |
| Renter Occupied HU | 2,927 (23.3%) |
| Vacant Housing Units | 1,396 (11.1%) |
| Median Home Value | $299,287 |
| Average Home Value | $336,725 |
Housing Distribution
Address Breakdown
Residential
11,911
Single Family
11,732
Multi-Family
179
Businesses
683
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Listed by: Gideon Williams • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9990218