7516 Wood 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
Rental property for sale in Corryton at 7516 Wood Rd, Corryton, TN, 37721 generates $1,743/mo in rent, after a $2,202/mo payment. Total monthly income is $1,743/mo. Return on cash invested sits at 12.26% in year one, and rental yield is 4.65% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 61.57% and total cumulative return in cash sums $91,822. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,743/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
1.01 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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