615 Lethco WayPigeon ForgeTN37863
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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
Investment property for sale in Pigeon Forge at 615 Lethco Way, Pigeon Forge, TN, 37863 with 5% annual appreciation on a $764,000 basis while $4,550/mo rent supports operations. 95% in year one. Equity gained on principal adds $4,930/yr, and five-year appreciation sums $211,079 alongside rental yield of 7.15%. Five-year ROI measures 102.75% and total cumulative return in cash totals $258,273. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,550/mo property income versus a $3,739/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37863, Pigeon Forge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,366 (100%) |
| Owner Occupied HU | 1,481 (27.6%) |
| Renter Occupied HU | 1,225 (22.8%) |
| Vacant Housing Units | 2,660 (49.6%) |
| Median Home Value | $344,235 |
| Average Home Value | $431,803 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,211
Multi-Family
146
Businesses
790
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Listed by: Alex Hall • Century 21 MVP
Mls Name: GSMAR, GSMMLS
Mls ID: #307889