601 Carroll StEtowahTN37331
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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 Etowah at 601 Carroll St, Etowah, TN, 37331 priced at $249,000 pairs $2,034/mo rent with $543/mo cash flow after a $1,219/mo payment. Total monthly income equals $2,034/mo, and annual cash flow comes to $6,518/yr on $82,544 invested. Return on cash invested is 27.81% in year one, and rental yield stands at 9.8% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 144.97% and total cumulative return in cash reaches $119,660. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2014
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37331, Etowah, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,910 (100%) |
| Owner Occupied HU | 2,438 (62.4%) |
| Renter Occupied HU | 891 (22.8%) |
| Vacant Housing Units | 581 (14.9%) |
| Median Home Value | $222,136 |
| Average Home Value | $285,983 |
Housing Distribution
Address Breakdown
Residential
3,403
Single Family
3,387
Multi-Family
16
Businesses
238
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Listed by: Joni Powell • Silver Key Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1297619
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.