None · Harriman, TN 37748

$139,900

4 bd · 2.0 ba · 1,344 sqft · SingleFamily · 44 Days on market

Built 1998 Poor condition 8,712 sqft lot $104/sqft · 17% below area Est $168k · 17% under ↓ 12% since listing

---

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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Great investment opportunity with a tenant and professional property manager already in place. The property has strong rental potential and could meet typical DSCR lending guidelines (buyer to confirm). Motivated seller is offering an HVAC credit at closing and is open to owner financing or flexible terms.

Key facts

• 8,712 sq ft lot
• Built 1998
• Listed 44 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public sewer
• Home design: Not attached (detached property); 1,344 building area (from tax records)
• Construction: Block construction
• Exterior features: Level lot

Interior

• Kitchen: Refrigerator included
• Flooring: Carpet; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Other heating; Window unit cooling
• Interior features: Pantry; 7 total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $140k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.0% in Harriman — 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 57/100 on livability (#330 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Roane County (town): math 30% / reading 29% proficiency, ranked #64 of 139 in TN (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Kingston Elementary (math 36% / reading 36%, grade F, #305 of 952 statewide, top 32%, 808 students, 0% FRL); Cherokee Middle School (math 43% / reading 34%, grade F, #49 of 333 statewide, top 15%, 470 students, 0% FRL); Roane County High School (math 2% / reading 42%, grade F, #156 of 332 statewide, top 49%, 652 students, 0% FRL) — zoned schools average 0% FRL vs 50% district-wide (50 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 213 active listings in the ZIP; 229 units permitted in Roane County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Roane County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.19% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.70%
• DSCR: 1.48
• GRM: 7.0

CMA / ARV

• ARV (median comp): $167,855
• List price: $139,900
• Delta: -16.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
425 Byrd Ave	0.22mi	3/1.5 (-1)	1,258 (-6%)	2mo	$200,000	$159	70
517 Clinton St	0.23mi	3/2.0 (-1)	1,280 (-5%)	7mo	$197,000	$154	70
302 Byrd Ave Ave	0.33mi	4/1.0	1,251 (-7%)	3mo	$125,000	$100	67
312 Morgan Ave	0.28mi	3/2.0 (-1)	1,316 (-2%)	21mo	$234,000	$178	61
906 Chilhowee St	0.57mi	3/2.0 (-1)	1,450 (+8%)	10mo	$249,900	$172	46
941 Unaka St	0.65mi	3/1.0 (-1)	1,416 (+5%)	10mo	$20,000	$14	43
613 Short St	0.53mi	3/2.0 (-1)	1,524 (+13%)	12mo	$229,400	$151	38
523 Henderson St	0.70mi	4/2.0	1,436 (+7%)	23mo	$249,000	$173	37
145 Mayberry St	0.70mi	3/2.0 (-1)	1,206 (-10%)	11mo	$72,600	$60	36
220 Ayers Dr	0.73mi	3/1.5 (-1)	1,392 (+4%)	24mo	$160,000	$115	33
521 Henderson St	0.69mi	3/2.0 (-1)	1,169 (-13%)	13mo	$237,760	$203	30
188 Tub Springs Rd	0.66mi	3/1.0 (-1)	1,151 (-14%)	20mo	$110,000	$96	19

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-400
• Equity at exit: $20,860

10-year hold

• IRR: 9.4%
• Equity multiple: 1.72×
• Total profit: $28,398
• Equity at exit: $12,096

Cash invested: $39,172 (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 37748

• Home prices YoY: -11.5%
• Active inventory: 213
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,666 medium
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,098/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $349

Break-even live

Break-even rent $1,224

Max offer price $139,900

Occupancy floor 74%

Sensitivity live

Price	-10% $446	-5% $398	+0% $349	+5% $301	+10% $253
Rent	-10% $218	-5% $283	+0% $349	+5% $415	+10% $481
Rate	-1.0pp $420	-0.5pp $385	base $349	+0.5pp $313	+1.0pp $276

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $139,900 Active 44 DOM
2. 2026-06-18
   days on market $139,900 Active 41 DOM
3. 2026-06-17
   days on market $139,900 Active 40 DOM
4. 2026-06-16
   days on market $139,900 Active 39 DOM
5. 2026-06-15
   days on market $139,900 Active 38 DOM
6. 2026-06-14
   pricedays on market $139,900 Active 36 DOM
7. 2026-06-13
   days on market $158,500 Active 35 DOM
8. 2026-06-10
   days on market $158,500 Active 33 DOM
9. 2026-06-09
   days on market $158,500 Active 32 DOM
10. 2026-06-08
    days on market $158,500 Active 31 DOM
11. 2026-06-07
    remarks 307-char remark
12. 2026-06-07
    days on market $158,500 Active 30 DOM
13. 2026-06-03
    days on market $158,500 Active 26 DOM
14. 2026-06-02
    days on market $158,500 Active 25 DOM
15. 2026-06-01
    days on market $158,500 Active 24 DOM
16. 2026-05-31
    days on market $158,500 Active 23 DOM
17. 2026-05-31
    days on market $158,500 Active 22 DOM
18. 2026-05-08
    listed $158,500 Active 295-char remark

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

Taxation est. · year 1

• Rental income: $19,991
• − Mortgage interest: −$7,837
• − Property taxes: −$2,098
• − Insurance: −$700
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$4,070
• Taxable income: $2,088
• Est. tax owed @ 24.0%: −$501
• After-tax cash flow: $3,690/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 · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and improvements to its exterior and landscaping, significantly impacting its value. Immediate action is needed to address the roof, siding, and landscaping to increase its resale and rental potential.

Repairs flagged

• Major roof — No visible roof
• Major exterior siding — No visible siding
• Major landscaping — No visible landscaping

Value-add opportunities

• Both roof replacement — Critical to the home's structural integrity and appearance
• Both exterior siding repair — Improves curb appeal and structural integrity
• Both landscaping and curb appeal — Enhances the home's aesthetic and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · No visible roof	Major	$15,000–50,000
exterior siding · No visible siding	Major	$15,000–50,000
landscaping · No visible landscaping	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both roof replacement — Critical to the home's structural integrity and appearance ↑
• Both exterior siding repair — Improves curb appeal and structural integrity ↑
• Both landscaping and curb appeal — Enhances the home's aesthetic and value ↑

ⓘ 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: Roane County
• NCES district ID: 4703590
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 29% ▼ -7.00%
• Median HH income: $41,611
• Composite: 25.0/100
• National rank: #7557
• State rank: #64 of 139 in TN

Livability — Harriman

• Score: 57/100
• State rank: #330
• US rank: #21927

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

• Census place: Harriman, TN
• City population: 17,021
• Population (ZIP): 17,021

Population outlook (Roane County) Hauer SSP2

• Today (2025): 49,652 people
• By 2030: 47,648 · -4.0%
• By 2040: 43,306 · -12.8%
• By 2050: 39,294 · -20.9%
• By 2075: 32,318 · -34.9%
• By 2100: 27,137 · -45.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 4% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Roane

• 2024 margin: Solid R (+54.5) · D 22.1% · R 76.7% · Other 1.2%
• 2008→2024 swing: -18.3pp toward R · 2008: -36.2pp · 2024: -54.5pp
• All cycles: 2024: R+54.5 2020: R+50.9 2016: R+51.1 2012: R+41.3 2008: R+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.78%
• Current HPI: 305.724
• 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

-11.7% since first listed

2 events — show timeline

• 2026-06-13 Price Changed $139,900 Knoxville MLS
• 2026-05-08 Listed $158,500 Knoxville MLS