601 Carrie CirStrawberry PlainsTN37871
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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 Strawberry Plains at 601 Carrie Cir, Strawberry Plains, TN, 37871 offers $1,398/mo rent that, after a $562/mo payment, leaves $711/mo cash flow. Total monthly income is $1,398/mo, and annual cash flow is $8,527/yr on $38,089 cash. Return on cash invested measures 42.3% in year one, and rental yield stands at 14.6% at a $114,900 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,745 by year five. Five-year ROI records 222.68% and total cumulative return in cash reaches $84,818. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,398/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37871, Strawberry Plains, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,139 (100%) |
| Owner Occupied HU | 3,030 (73.2%) |
| Renter Occupied HU | 749 (18.1%) |
| Vacant Housing Units | 360 ( 8.7%) |
| Median Home Value | $273,830 |
| Average Home Value | $359,368 |
Housing Distribution
Address Breakdown
Residential
3,925
Single Family
3,925
Multi-Family
0
Businesses
114
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Listed by: Tracy Chattaway • Vanguard Realty, Inc.
Mls Name: East Tennessee Realtors
Mls ID: #1326075