110 Wheeler Ave · Pikeville, TN 37367

$335,000

4 bd · 3.0 ba · 2,339 sqft · SingleFamily public records · 20 Days on market

Built 1945 0.50 ac lot

---

Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +4.4/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks MLS

ONLINE AUCTION! May 14th at 6pm CENTRAL. This 4 bedroom, 3 bath home sits on approximately 0.5± acres in a desirable city setting with beautiful views and a great neighborhood. The home features city water, city sewer, and natural gas, plus an unfinished basement and Walk-up attic, perfect for additional storage. Recent updates make this home move-in ready, and the covered screened in patio provides a great space to relax or entertain. A wonderful opportunity to enjoy comfort, convenience, and location all in one place! Call us today for your private showing. Buyer is to make all inspections before the closing of the Auction. Buyer to verify all information and measurements. 10% Earnest money due at the end of the Auction 10% Buyer's Premium due at 30 day closing. Property sells AS-IS.

Key facts

• Brick craftsmanship
• Reimagined kitchen
• Modern updates

Tags

• BRICK CRAFTSMANSHIP
• MODERN UPDATES
• SWEEPING MOUNTAIN VIEWS
• ORIGINAL HARDWOOD FLOORS
• REIMAGINED KITCHEN
• WHITE SHAKER CABINETRY

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $316k (5.6% below list).
• Recommended offer: $316k (5.6% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 4.8% in Pikeville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 59/100 on livability (#296 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, housing B+; Watch: health & safety C-, schools F, amenities F.
• Bledsoe County (rural): math 19% / reading 27% proficiency, ranked #104 of 139 in TN (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 155 active listings in the ZIP.

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Bledsoe County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $94k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask is 143% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $115k; list at $335k implies a 191% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 8→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $316,199 (5.6% below list)

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.94% ✗
• Cap rate: 7.97%
• Cash-on-cash: 6.00%
• DSCR: 1.27
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 3.26×
• Total profit: $212,215
• Equity at exit: $301,795

10-year hold

• IRR: 24.9%
• Equity multiple: 7.41×
• Total profit: $601,176
• Equity at exit: $650,831

Cash invested: $93,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37367

• Home prices YoY: 34.5%
• Active inventory: 155
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $3,162 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$132 /mo · $1,587/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$664
• Net cashflow: $469

Break-even live

Break-even rent $2,568

Max offer price $335,000

Occupancy floor 80%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $335,000 Active 20 DOM
2. 2026-06-17
   days on market $335,000 Active 19 DOM
3. 2026-06-16
   days on market $335,000 Active 18 DOM
4. 2026-06-15
   days on market $335,000 Active 17 DOM
5. 2026-06-14
   days on market $335,000 Active 15 DOM
6. 2026-06-10
   days on market $335,000 Active 12 DOM
7. 2026-06-09
   days on market $335,000 Active 11 DOM
8. 2026-06-08
   days on market $335,000 Active 10 DOM
9. 2026-06-07
   days on market $335,000 Active 9 DOM
10. 2026-06-03
    days on market $335,000 Active 5 DOM
11. 2026-06-02
    days on market $335,000 Active 4 DOM
12. 2026-06-01
    days on market $335,000 Active 3 DOM
13. 2026-05-31
    days on market $335,000 Active 2 DOM
14. 2026-05-30
    remarks 699-char remark
15. 2026-05-30
    pricestatusdays on marketlisting id $335,000 Active 1 DOM
16. 2026-05-15
    historical 803-char remark

    Show marketing remark (803 chars)

    ONLINE AUCTION! May 14th at 6pm CENTRAL. This 4 bedroom, 3 bath home sits on approximately 0.5± acres in a desirable city setting with beautiful views and a great neighborhood. The home features city water, city sewer, and natural gas, plus an unfinished basement and Walk-up attic, perfect for additional storage. Recent updates make this home move-in ready, and the covered screened in patio provides a great space to relax or entertain. A wonderful opportunity to enjoy comfort, convenience, and location all in one place! Call us today for your private showing. Buyer is to make all inspections before the closing of the Auction. Buyer to verify all information and measurements. 10% Earnest money due at the end of the Auction 10% Buyer's Premium due at 30 day closing. Property sells AS-IS.

17. 2026-04-07
    listed 803-char remark

    Show marketing remark (803 chars)

    ONLINE AUCTION! May 14th at 6pm CENTRAL. This 4 bedroom, 3 bath home sits on approximately 0.5± acres in a desirable city setting with beautiful views and a great neighborhood. The home features city water, city sewer, and natural gas, plus an unfinished basement and Walk-up attic, perfect for additional storage. Recent updates make this home move-in ready, and the covered screened in patio provides a great space to relax or entertain. A wonderful opportunity to enjoy comfort, convenience, and location all in one place! Call us today for your private showing. Buyer is to make all inspections before the closing of the Auction. Buyer to verify all information and measurements. 10% Earnest money due at the end of the Auction 10% Buyer's Premium due at 30 day closing. Property sells AS-IS.

18. 2020-09-01
    soldstatus $115,000
19. 2020-08-29
    soldstatus $115,000 678-char remark

    Show marketing remark (678 chars)

    Beautiful brick home in downtown Pikeville with great potential. This large 4 bedroom 3 full bath home on double lot (1 acre) features original hardwood floors, large kitchen with separate formal dining room, full basement, walk up attic and den looking out to the large flagstone patio with built in grill and level fenced back yard with playground and outbuilding (extra lot is outside the privacy fence - a tiny home is currently on the extra lot - does not convey with property. Den and master bedroom features beautiful knotty pine walls and in walk in closet. This home needs some TLC but has great potential. Located in town, walking distance to shopping and restaurants.

20. 2020-08-29
    soldstatus $115,000

    Show marketing remark (678 chars)

    Beautiful brick home in downtown Pikeville with great potential. This large 4 bedroom 3 full bath home on double lot (1 acre) features original hardwood floors, large kitchen with separate formal dining room, full basement, walk up attic and den looking out to the large flagstone patio with built in grill and level fenced back yard with playground and outbuilding (extra lot is outside the privacy fence - a tiny home is currently on the extra lot - does not convey with property. Den and master bedroom features beautiful knotty pine walls and in walk in closet. This home needs some TLC but has great potential. Located in town, walking distance to shopping and restaurants.

21. 2020-08-29
    soldstatus $115,000

    Show marketing remark (678 chars)

    Beautiful brick home in downtown Pikeville with great potential. This large 4 bedroom 3 full bath home on double lot (1 acre) features original hardwood floors, large kitchen with separate formal dining room, full basement, walk up attic and den looking out to the large flagstone patio with built in grill and level fenced back yard with playground and outbuilding (extra lot is outside the privacy fence - a tiny home is currently on the extra lot - does not convey with property. Den and master bedroom features beautiful knotty pine walls and in walk in closet. This home needs some TLC but has great potential. Located in town, walking distance to shopping and restaurants.

22. 2020-01-10
    listed $138,000 678-char remark

    Show marketing remark (678 chars)

    Beautiful brick home in downtown Pikeville with great potential. This large 4 bedroom 3 full bath home on double lot (1 acre) features original hardwood floors, large kitchen with separate formal dining room, full basement, walk up attic and den looking out to the large flagstone patio with built in grill and level fenced back yard with playground and outbuilding (extra lot is outside the privacy fence - a tiny home is currently on the extra lot - does not convey with property. Den and master bedroom features beautiful knotty pine walls and in walk in closet. This home needs some TLC but has great potential. Located in town, walking distance to shopping and restaurants.

23. 2020-01-10
    listed $138,000

    Show marketing remark (678 chars)

    Beautiful brick home in downtown Pikeville with great potential. This large 4 bedroom 3 full bath home on double lot (1 acre) features original hardwood floors, large kitchen with separate formal dining room, full basement, walk up attic and den looking out to the large flagstone patio with built in grill and level fenced back yard with playground and outbuilding (extra lot is outside the privacy fence - a tiny home is currently on the extra lot - does not convey with property. Den and master bedroom features beautiful knotty pine walls and in walk in closet. This home needs some TLC but has great potential. Located in town, walking distance to shopping and restaurants.

24. 2000-12-12
    soldstatus $85,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $1,587 · $132/mo
• Projected year-2 tax: $2,378 · $198/mo
• Expected delta: +$792/yr (+$66/mo · 49.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 8 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,944
• − Mortgage interest: −$18,765
• − Property taxes: −$1,587
• − Insurance: −$1,675
• − Repairs & maintenance: −$3,036
• − Management: −$3,036
• − Depreciation: −$9,745
• Taxable income: $100
• Est. tax owed @ 24.0%: −$24
• After-tax cash flow: $5,608/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bledsoe County
• NCES district ID: 4700270
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 27% ▼ -1.00%
• Median HH income: $35,901
• Composite: 19.02/100
• National rank: #8845
• State rank: #104 of 139 in TN

Livability — Pikeville

• Score: 59/100
• State rank: #296
• US rank: #20539

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing B+ Health & safety C- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pikeville, TN
• County: Bledsoe · 11,736 people
• Population (ZIP): 11,736
• Household income: $54,696
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 2.1

Population outlook (Bledsoe County) Hauer SSP2

• Today (2025): 18,085 people
• By 2030: 19,649 · +8.6%
• By 2040: 22,438 · +24.1%
• By 2050: 24,582 · +35.9%
• By 2075: 26,769 · +48.0%
• By 2100: 25,033 · +38.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Italian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Bledsoe

• 2024 margin: Solid R (+70.5) · D 14.4% · R 84.9%
• 2008→2024 swing: -36.0pp toward R · 2008: -34.5pp · 2024: -70.5pp
• All cycles: 2024: R+70.5 2020: R+65.2 2016: R+58.6 2012: R+40.3 2008: R+34.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 106.44%
• Current HPI: 415.344
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+35.3% since first listed

9 events — show timeline

• 2026-05-15 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-04-07 Listed — REALTRACS as Distributed by MLS Grid
• 2020-09-01 Sold (Public Records) $115,000 Public Records
• 2020-08-29 Sold (MLS) $115,000 REALTRACS as Distributed by MLS Grid
• 2020-08-29 Sold (MLS) $115,000 RCAOR
• 2020-08-29 Sold (MLS) $115,000 GCAR
• 2020-01-10 Listed $138,000 RCAOR
• 2020-01-10 Listed $138,000 GCAR
• 2000-12-12 Sold (Public Records) $85,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,587 · +68.3% YoY. Source: county tax records.