616 Heather LnSeviervilleTN37876
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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 Sevierville at 616 Heather Ln, Sevierville, TN, 37876 priced at $554,900 converts $2,040/mo rent into after a $2,716/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 11.64% in year one, and rental yield reads 4.41% against a $554,900 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation compiles into $153,309 by year five. Five-year ROI reaches 58.19% and total cumulative return in cash sums $106,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $2,716/mo payment, not borrower’s personal income.
Single Family
Built in 2003
9.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37876, Sevierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,008 (100%) |
| Owner Occupied HU | 10,602 (55.8%) |
| Renter Occupied HU | 3,518 (18.5%) |
| Vacant Housing Units | 4,888 (25.7%) |
| Median Home Value | $361,395 |
| Average Home Value | $411,435 |
Housing Distribution
Address Breakdown
Residential
15,519
Single Family
15,344
Multi-Family
175
Businesses
548
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Listed by: Jon Dempersmier • Century 21 Legacy
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1260648
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. [Click here for more information](/info/mls-disclaimers/#mls_154)