575 JD Walden Rd · Rockwood, TN 37880

$159,900

3 bd · 2.0 ba · 1,788 sqft · SingleFamily · 12 Days on market

Built 1995 Fair condition 1.80 ac lot

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Why this score? — see what drove the B 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 +28.0/30.0
• Appreciation +10.0/10.0
• DSCR +9.9/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +1.6/10.0

Listing remarks MLS

POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

Key facts

• Concrete rv pad
• Partially finished
• Large island

Tags

• WATTS BAR LAKE
• PARTIALLY FINISHED
• OPEN-CONCEPT LIVING
• LARGE ISLAND
• CONCRETE RV PAD
• 1.8-ACRE LOT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $496 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 10.0% vs local median 3.1% in Rockwood — 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 55/100 on livability (#356 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Meigs County (rural): math 16% / reading 22% proficiency, ranked #122 of 139 in TN (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Meigs Middle School (math 19% / reading 21%, grade F, #198 of 333 statewide, top 61%, 390 students, 0% FRL); Meigs County High School (math 12% / reading 22%, grade F, #225 of 332 statewide, top 69%, 538 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 105 active listings in the ZIP; 94 units permitted in Meigs County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Meigs County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $160k implies a 300% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.27% ✓
• Cap rate: 10.01%
• Cash-on-cash: 13.29%
• DSCR: 1.59
• GRM: 6.6

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: 34.1%
• Equity multiple: 3.65×
• Total profit: $118,696
• Equity at exit: $144,051

10-year hold

• IRR: 29.4%
• Equity multiple: 8.25×
• Total profit: $324,766
• Equity at exit: $310,651

Cash invested: $44,772 (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 37880

• Home prices YoY: 14.8%
• Active inventory: 105
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,026 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $496

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 71%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-17
   status $159,900 Pending 12 DOM
2. 2026-06-16
   days on market $159,900 Active 12 DOM
3. 2026-06-15
   days on market $159,900 Active 11 DOM
4. 2026-06-14
   days on market $159,900 Active 9 DOM
5. 2026-06-12
   days on market $159,900 Active 8 DOM
6. 2026-06-09
   days on market $159,900 Active 5 DOM
7. 2026-06-08
   days on market $159,900 Active 4 DOM
8. 2026-06-07
   days on market $159,900 Active 3 DOM
9. 2026-06-07
   statusdays on marketlisting id $159,900 Active 2 DOM
10. 2026-03-04
    status Pending 1198-char remark

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

11. 2026-03-04
    status Pending

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

12. 2026-01-07
    price $159,900 1198-char remark

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

13. 2026-01-07
    price $159,900

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

14. 2025-11-22
    price $165,000 1198-char remark

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

15. 2025-11-22
    price $165,000

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

16. 2025-11-08
    listed $175,000 Active 1198-char remark

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

17. 2025-11-08
    listed $175,000 Active

    Show marketing remark (1198 chars)

    POTENTIAL AWAITS! Located just minutes from beautiful Watts Bar Lake, this property offers endless possibilities! The home is partially finished and ready for your personal finishing touches. Inside, you'll find a framed primary bedroom measuring approximately 15x15, featuring a large ensuite bath and a huge walk-in closet. The second bedroom (13x13) includes double closets, and the third bedroom (12x11) provides great additional space (measurements per owner; buyer to verify). The open-concept living, dining, and kitchen area offers a spacious layout perfect for entertaining or relaxing. The kitchen is complete with cabinets, countertops, a large island and stainless-steel appliances. A guest bath and a laundry room complete the interior. Outside, the 1.8-acre lot offers room to grow with an older building full of potential, a concrete RV pad, and fencing on three sides. The land is mostly wooded for added privacy, making it the perfect retreat. Conveniently close to Watts Bar Lake for fishing, boating, or weekend recreation — this one is ready for your vision! Buyer to verify all pertinent information. This home is not finished, it is livable as it is, it is lived in now.

18. 2018-12-18
    soldstatus $40,000
19. 2018-11-06
    listed $36,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 5/10 Major 6 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,317
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,945
• − Management: −$1,945
• − Depreciation: −$4,652
• Taxable income: $3,620
• Est. tax owed @ 24.0%: −$869
• After-tax cash flow: $5,081/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The property is in the middle of a renovation, with significant structural work remaining. The home has potential but requires substantial finishing to reach a move-in-ready state.

Repairs flagged

• Major Exposed framing in kitchen and bath — Structural elements not yet finished
• Major Exposed framing in exterior — Structural elements not yet finished
• Major Exposed subfloor in kitchen and bath — Structural elements not yet finished
• Major Exposed framing in interior walls — Structural elements not yet finished

Value-add opportunities

• Resale Finish kitchen and bath framing — Completed kitchen and bath will attract buyers
• Resale Finish exterior framing and siding — Completed exterior will enhance curb appeal
• Resale Paint interior walls — Completed interior will make the home more appealing
• Both Landscaping and curb appeal — Improved landscaping will attract both buyers and renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed framing in kitchen and bath · Structural elements not yet finished	Major	$15,000–50,000
Exposed framing in exterior · Structural elements not yet finished	Major	$15,000–50,000
Exposed subfloor in kitchen and bath · Structural elements not yet finished	Major	$15,000–50,000
Exposed framing in interior walls · Structural elements not yet finished	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Resale Finish kitchen and bath framing — Completed kitchen and bath will attract buyers ↑
• Resale Finish exterior framing and siding — Completed exterior will enhance curb appeal ↑
• Resale Paint interior walls — Completed interior will make the home more appealing ↑
• Both Landscaping and curb appeal — Improved landscaping will attract both buyers and renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Meigs County
• NCES district ID: 4702910
• Math proficiency: 16% ▼ -18.00%
• Reading proficiency: 22% ▼ -10.00%
• Median HH income: $36,129
• Composite: 15.74/100
• National rank: #9278
• State rank: #122 of 139 in TN

Livability — Rockwood

• Score: 55/100
• State rank: #356
• US rank: #23284

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,934

Population outlook (Meigs County) Hauer SSP2

• Today (2025): 11,953 people
• By 2030: 11,878 · -0.6%
• By 2040: 11,514 · -3.7%
• By 2050: 10,946 · -8.4%
• By 2075: 9,639 · -19.4%
• By 2100: 8,171 · -31.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 11% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Serbian 6% Romanian 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Meigs

• 2024 margin: Solid R (+67.5) · D 15.9% · R 83.4%
• 2008→2024 swing: -33.9pp toward R · 2008: -33.6pp · 2024: -67.5pp
• All cycles: 2024: R+67.5 2020: R+62.5 2016: R+57.5 2012: R+39.5 2008: R+33.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 43.20%
• Current HPI: 335.0341
• 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

+344.2% since first listed

10 events — show timeline

• 2026-03-04 Pending — RCAOR
• 2026-03-04 Pending — Knoxville MLS
• 2026-01-07 Price Changed $159,900 RCAOR
• 2026-01-07 Price Changed $159,900 Knoxville MLS
• 2025-11-22 Price Changed $165,000 RCAOR
• 2025-11-22 Price Changed $165,000 Knoxville MLS
• 2025-11-08 Listed $175,000 Knoxville MLS
• 2025-11-08 Listed $175,000 RCAOR
• 2018-12-18 Sold (MLS) $40,000 RCAOR
• 2018-11-06 Listed $36,000 RCAOR