424 Lakeview Dr · Fairfield Glade, TN 38558

$174,900

3 bd · 2.0 ba · 1,705 sqft · SingleFamily public records · 79 Days on market

Built 1978 0.37 ac lot $140/mo HOA · 7% of rent ↓ 35% since listing

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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 +24.0/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Appreciation +4.0/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Three-bedroom, 2 bath home located on a corner lot in Fairfield Glade. Home features a large living room, den area, fireplace, wet bar and more! Home needs work. The decks, steps and kitchen floor are not stable. Fairfield Glade has a reserve fee of $6000 to be paid at purchase of a property. Buyer should verify all HOA fees, as those fees are subject to change.

Key facts

• 0.37 acre lot
• 2 garage spots
• Built 1978

Property features AI

Finance

• Other: Lot size approximately 0.37 acres (dimensions 93.9 x 151.6 irregular)
• Financial info: Tax amounts and other financial details available in listing (excluded)
• HOA & community: HOA present with a $140 monthly fee

Exterior

• Parking: 2-car garage
• Security: Security details: (not provided)
• Utilities: Public sewer
• Home design: Detached property; Total building area: 1,705 (source: tax records)
• Construction: Vinyl siding; Frame construction; Crawl space foundation
• Exterior features: Corner lot; Located in a golf community

Interior

• Kitchen: Includes unspecified/other appliances
• Bedrooms: Bedrooms: (see full listing for count and room-level details)
• Flooring: Laminate; Carpet; Vinyl; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric and other); Central cooling; Ceiling fan(s)
• Interior features: Fireplace (1) with unspecified/other features; Appliances: Other
• Laundry & utility: Laundry/utility details: (not provided)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.2% in Fairfield Glade — 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 61/100 on livability (#249 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools D, amenities F, commute F.
• Cumberland County (rural): math 30% / reading 31% proficiency, ranked #59 of 139 in TN (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 596 active listings in the ZIP; 114 units permitted in Cumberland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Cumberland County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $164,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 1.09% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.36%
• DSCR: 1.37
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.06% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $385
• Equity at exit: $33,523

10-year hold

• IRR: 8.3%
• Equity multiple: 1.71×
• Total profit: $34,553
• Equity at exit: $28,225

Cash invested: $48,972 (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 38558

• Home prices YoY: -0.8%
• Active inventory: 596
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,914 medium
• Mortgage (P&I): −$917
• Tax from tax record: −$41 /mo · $493/yr
• Insurance: −$73
• HOA: −$140
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $341

Break-even live

Break-even rent $1,482

Max offer price $174,900

Occupancy floor 77%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $140 · $1,680/yr

Listing history 27 events

1. 2026-06-18
   days on market $174,900 Active 79 DOM
2. 2026-06-17
   days on market $174,900 Active 78 DOM
3. 2026-06-16
   days on market $174,900 Active 77 DOM
4. 2026-06-15
   days on market $174,900 Active 76 DOM
5. 2026-06-13
   days on market $174,900 Active 74 DOM
6. 2026-06-12
   days on market $174,900 Active 73 DOM
7. 2026-06-09
   days on market $174,900 Active 70 DOM
8. 2026-06-08
   days on market $174,900 Active 69 DOM
9. 2026-06-08
   days on market $174,900 Active 68 DOM
10. 2026-06-07
    days on market $174,900 Active 67 DOM
11. 2026-06-03
    days on market $174,900 Active 64 DOM
12. 2026-06-02
    days on market $174,900 Active 63 DOM
13. 2026-06-01
    days on market $174,900 Active 62 DOM
14. 2026-05-31
    days on market $174,900 Active 61 DOM
15. 2026-05-11
    price $174,900 364-char remark

    Show marketing remark (364 chars)

    Three-bedroom, 2 bath home located on a corner lot in Fairfield Glade. Home features a large living room, den area, fireplace, wet bar and more! Home needs work. The decks, steps and kitchen floor are not stable. Fairfield Glade has a reserve fee of $6000 to be paid at purchase of a property. Buyer should verify all HOA fees, as those fees are subject to change.

16. 2026-05-11
    price $174,900

    Show marketing remark (364 chars)

    Three-bedroom, 2 bath home located on a corner lot in Fairfield Glade. Home features a large living room, den area, fireplace, wet bar and more! Home needs work. The decks, steps and kitchen floor are not stable. Fairfield Glade has a reserve fee of $6000 to be paid at purchase of a property. Buyer should verify all HOA fees, as those fees are subject to change.

17. 2026-04-01
    listed $189,900 Active 364-char remark

    Show marketing remark (364 chars)

    Three-bedroom, 2 bath home located on a corner lot in Fairfield Glade. Home features a large living room, den area, fireplace, wet bar and more! Home needs work. The decks, steps and kitchen floor are not stable. Fairfield Glade has a reserve fee of $6000 to be paid at purchase of a property. Buyer should verify all HOA fees, as those fees are subject to change.

18. 2026-03-30
    listed $189,900 Active
19. 2023-10-01
    historical
20. 2023-08-30
    price $210,000
21. 2023-08-24
    status Active
22. 2023-08-17
    historical Pending - Continue to Show
23. 2023-06-15
    price $222,000
24. 2023-06-01
    price $235,000
25. 2023-04-28
    price $250,000
26. 2023-03-24
    price $260,000
27. 2023-03-08
    listed $270,000 Active

ⓘ 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: $493 · $41/mo
• Projected year-2 tax: $1,242 · $103/mo
• Expected delta: +$749/yr (+$62/mo · 151.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,970
• − Mortgage interest: −$9,797
• − Property taxes: −$493
• − Insurance: −$874
• − Repairs & maintenance: −$1,838
• − Management: −$1,838
• − HOA: −$1,680
• − Depreciation: −$5,088
• Taxable income: $1,363
• Est. tax owed @ 24.0%: −$327
• After-tax cash flow: $3,766/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: Cumberland County
• NCES district ID: 4700900
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $38,510
• Composite: 25.52/100
• National rank: #7438
• State rank: #59 of 139 in TN

Livability — Fairfield Glade

• Score: 61/100
• State rank: #249
• US rank: #17907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairfield Glade, TN
• City population: 9,270
• Population (ZIP): 9,270

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 61,344 people
• By 2030: 62,611 · +2.1%
• By 2040: 64,547 · +5.2%
• By 2050: 65,462 · +6.7%
• By 2075: 66,839 · +9.0%
• By 2100: 63,855 · +4.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 3% Asian 1%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Cumberland

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.1%
• 2008→2024 swing: -21.8pp toward R · 2008: -37.1pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+57.1 2016: R+57.8 2012: R+49.1 2008: R+37.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.06%
• Current HPI: 261.4637
• 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

-35.2% since first listed

13 events — show timeline

• 2026-05-11 Price Changed $174,900 UCMLS
• 2026-05-11 Price Changed $174,900 Knoxville MLS
• 2026-04-01 Listed $189,900 UCMLS
• 2026-03-30 Listed $189,900 Knoxville MLS
• 2023-10-01 Listing Removed — Knoxville MLS
• 2023-08-30 Price Changed $210,000 Knoxville MLS
• 2023-08-24 Relisted — Knoxville MLS
• 2023-08-17 Contingent — Knoxville MLS
• 2023-06-15 Price Changed $222,000 Knoxville MLS
• 2023-06-01 Price Changed $235,000 Knoxville MLS
• 2023-04-28 Price Changed $250,000 Knoxville MLS
• 2023-03-24 Price Changed $260,000 Knoxville MLS
• 2023-03-08 Listed $270,000 Knoxville MLS

Property tax history

-0.2%/yr

Latest (2025): $493 · +0.0% YoY. Source: county tax records.