64 Chestnut DrNorrisTN37828
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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 Norris at 64 Chestnut Dr, Norris, TN, 37828 earns $333/mo cash flow from $5,062/mo rent with a $3,867/mo payment. Total monthly income totals $5,062/mo, and annual cash flow totals $3,991/yr on $259,910 capital. ROI tracks 21.6% on current figures, and rental yield reads 7.69% at a $790,000 purchase. Equity gained on principal adds $5,098/yr, and 5% annual appreciation supports $218,262 over five years. Five-year ROI reaches 111.59% and total cumulative return in cash sums $290,028. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,062/mo property income instead of your personal income.
Single Family
Built in 1992
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37828, Norris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 559 (100%) |
| Owner Occupied HU | 394 (70.5%) |
| Renter Occupied HU | 126 (22.5%) |
| Vacant Housing Units | 39 ( 7.0%) |
| Median Home Value | $400,000 |
| Average Home Value | $405,596 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
74
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Listed by: Julie Zittnan • Crye-Leike Realtors South, Inc.
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1278589
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.