869 Tumbling Creek RdErwinTN37650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Erwin at 869 Tumbling Creek Rd, Erwin, TN, 37650 priced at $120,000 converts $915/mo rent into $197/mo cash flow after a $587/mo obligation. Total monthly income equals $915/mo, and annual cash flow totals $2,364/yr on $39,780 invested. Return on cash invested prints 25.85% in year one, and rental yield reads 9.15% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 134.41% and total cumulative return in cash sums $53,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $915/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1970
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37650, Erwin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,794 (64.4%) |
| Renter Occupied HU | 1,407 (23.9%) |
| Vacant Housing Units | 692 (11.7%) |
| Median Home Value | $166,334 |
| Average Home Value | $212,859 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,606
Multi-Family
107
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Baker • Greater Impact Realty Erwin
Mls Name: TVRMLS
Mls ID: #9978575
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. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.