920 Bailey StGreenevilleTN37745
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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 920 Bailey St, Greeneville, TN, 37745 uses $89,472 cash to close to unlock $2,500/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,824/mo, and a $1,321/mo payment keeps the spread at $208/mo. Purchase price stands at $269,900, and rental yield measures 8.11% with $1,824/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash records $105,210. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,824/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37745, Greeneville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,958 (100%) |
| Owner Occupied HU | 5,697 (63.6%) |
| Renter Occupied HU | 2,386 (26.6%) |
| Vacant Housing Units | 875 ( 9.8%) |
| Median Home Value | $261,150 |
| Average Home Value | $344,530 |
Housing Distribution
Address Breakdown
Residential
8,762
Single Family
8,444
Multi-Family
318
Businesses
946
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Listed by: Debra Johnson • Realty Executives East TN Realtors
Mls Name: TVRMLS
Mls ID: #9989262