6216 McNeely RdCorrytonTN37721
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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 Corryton at 6216 McNeely Rd, Corryton, TN, 37721 uses $82,544 cash to close to unlock $3,830/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,810/mo, and a $1,219/mo payment keeps the spread at $319/mo. Purchase price stands at $249,000, and rental yield measures 8.72% with $1,810/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 127.51% and total cumulative return in cash records $105,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,810/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37721, Corryton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,015 (100%) |
| Owner Occupied HU | 4,775 (79.4%) |
| Renter Occupied HU | 859 (14.3%) |
| Vacant Housing Units | 381 ( 6.3%) |
| Median Home Value | $320,399 |
| Average Home Value | $360,274 |
Housing Distribution
Address Breakdown
Residential
5,928
Single Family
5,928
Multi-Family
0
Businesses
120
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