970 Us Highway 321ParrottsvilleTN37843
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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 Parrottsville at 970 Us Highway 321, Parrottsville, TN, 37843 listed at $239,000 pairs $1,980/mo rent with a $1,170/mo payment to leave $549/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $6,589/yr on $79,229 cash to close. Return on cash invested measures 28.23% in year one, and rental yield registers 9.94% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 147.22% and total cumulative return in cash totals $116,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37843, Parrottsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,344 (71.9%) |
| Renter Occupied HU | 300 (16.1%) |
| Vacant Housing Units | 225 (12.0%) |
| Median Home Value | $257,813 |
| Average Home Value | $287,539 |
Housing Distribution
Address Breakdown
Residential
1,723
Single Family
1,723
Multi-Family
0
Businesses
50
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Listed by: Ellen Turner • Trinity Realty, LLC
Mls Name: GSMAR, GSMMLS
Mls ID: #309273