848 String Run Way LOT 25Pigeon ForgeTN37863
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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 Pigeon Forge at 848 String Run Way LOT 25, Pigeon Forge, TN, 37863 generates $4,152/mo in rent, after a $5,359/mo payment. Total monthly income is $4,152/mo. Return on cash invested sits at 12.24% in year one, and rental yield is 4.55% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 61.37% and total cumulative return in cash sums $217,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,152/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37863, Pigeon Forge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,366 (100%) |
| Owner Occupied HU | 1,481 (27.6%) |
| Renter Occupied HU | 1,225 (22.8%) |
| Vacant Housing Units | 2,660 (49.6%) |
| Median Home Value | $344,235 |
| Average Home Value | $431,803 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,211
Multi-Family
146
Businesses
790
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Listed by: Jesse Pitcock • Crye-Leike Realtors
Mls Name: TVRMLS
Mls ID: #9981875