848 Cove Norris RdCaryvilleTN37714
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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 Caryville at 848 Cove Norris Rd, Caryville, TN, 37714 priced at $1,296,000 converts $3,278/mo rent into after a $6,343/mo obligation. Total monthly income equals $3,278/mo. Return on cash invested prints 7.57% in year one, and rental yield reads 3.04% against a $1,296,000 entry. Equity gained on principal adds $8,363/yr, while 5% annual appreciation compiles into $358,061 by year five. Five-year ROI reaches 36.3% and total cumulative return in cash sums $152,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,278/mo property income covering a $6,343/mo payment, not borrower’s personal income.
Single Family
Built in 1978
11.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37714, Caryville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,319 (100%) |
| Owner Occupied HU | 1,355 (58.4%) |
| Renter Occupied HU | 514 (22.2%) |
| Vacant Housing Units | 450 (19.4%) |
| Median Home Value | $270,146 |
| Average Home Value | $401,269 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,798
Multi-Family
0
Businesses
85
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