887 Old Kentucky Rd SGreenevilleTN37743
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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 Greeneville at 887 Old Kentucky Rd S, Greeneville, TN, 37743 uses $92,820 cash to close to unlock $1,540/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $1,370/mo payment keeps the spread at $128/mo. Purchase price stands at $280,000, and rental yield measures 7.73% with $1,804/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 111.49% and total cumulative return in cash records $103,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37743, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,542 (100%) |
| Owner Occupied HU | 8,219 (65.5%) |
| Renter Occupied HU | 2,927 (23.3%) |
| Vacant Housing Units | 1,396 (11.1%) |
| Median Home Value | $299,287 |
| Average Home Value | $336,725 |
Housing Distribution
Address Breakdown
Residential
11,911
Single Family
11,732
Multi-Family
179
Businesses
683
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Listed by: Shelly Mascaro • Oven Creek Realty
Mls Name: Lakeway Area AOR
Mls ID: #708637