608 E Walden StLa FolletteTN37766
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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 La Follette at 608 E Walden St, La Follette, TN, 37766 offers $1,680/mo rent that, after a $1,125/mo payment, leaves $304/mo cash flow. Total monthly income is $1,680/mo, and annual cash flow is $3,648/yr on $76,212 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 8.77% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 128.33% and total cumulative return in cash reaches $97,799. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37766, La Follette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,924 (100%) |
| Owner Occupied HU | 5,178 (52.2%) |
| Renter Occupied HU | 2,534 (25.5%) |
| Vacant Housing Units | 2,212 (22.3%) |
| Median Home Value | $186,467 |
| Average Home Value | $228,000 |
Housing Distribution
Address Breakdown
Residential
8,526
Single Family
8,132
Multi-Family
394
Businesses
586
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Listed by: Bethany Fritts • Alco Builders & Realty Co
Mls Name: East Tennessee Realtors
Mls ID: #1309549