3414 No Pone Rd NW · Hopewell, TN 37336

$165,000

3 bd · 2.0 ba · 732 sqft · Manufactured public records · 22 Days on market

Built 1970 1.70 ac lot $225/sqft · 9% above area

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Why this score? — see what drove the D+ 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 +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• 1% rule +4.0/10.0
• Appreciation +3.5/10.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investment Opportunity: 1.7-Acre Fixer-Upper Near the River Unlock the potential of this diamond in the rough! Situated on 1.70 mostly cleared acres, this property offers the perfect foundation for a custom renovation, a flip, or your dream homestead. Located just moments away from the river, this is a rare chance to secure significant acreage in a high-demand recreational area. The land is mostly cleared and usable, saving you thousands in excavation and clearing costs. Whether you want to garden, build a workshop, or create an outdoor entertaining oasis, the space is ready. Enjoy the benefits of living near the water! Whether you're into fishing, kayaking, or simply enjoying the cooler breeze, the proximity to the river makes this a highly desirable location for future resale or personal enjoyment. With almost two acres of land, there is ample room for additions, outbuildings, or even a secondary homesite (pending local zoning). The existing structure is a true fixer-upper, perfect for those who want to design it to their exact specifications. For the savvy investor or DIY enthusiast, this property is a prime candidate for building significant equity. Enjoy the peace of the countryside while staying close to the water and local amenities. Bring your tools, your vision, and your blueprints to make this property shine. Schedule a showing today!

Key facts

• 1.7-acre
• Mostly cleared acres
• Custom renovation

Tags

• 1.7-ACRE
• MOSTLY CLEARED ACRES
• CUSTOM RENOVATION
• HIGH-DEMAND RECREATIONAL AREA
• USABLE LAND
• OUTDOOR ENTERTAINING OASIS

Property features AI

Exterior

• Parking: 2 covered parking spaces; 2 total parking spaces; 2-car carport; Driveway and gravel parking
• Utilities: Public water available; Septic tank; Water available
• Home design: Single family residence; Residential property; Three or more levels; Existing construction
• Construction: Metal roof
• Exterior features: Screened porch/patio; Sloped, wooded lot

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Carpet flooring; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $31 ($367/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 $148k (10.2% below list).
• Recommended offer: $148k (10.2% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 2.5% in Hopewell — 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 70/100 on livability (#51 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: health & safety C-, schools F, amenities F.
• Bradley County (other): math 35% / reading 34% proficiency, ranked #33 of 139 in TN (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 50 active listings in the ZIP; 768 units permitted in Bradley County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Bradley County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $75k; list at $165k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,215 (10.2% below list)

Questions for the listing agent

1. Built in 1970 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.90% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.80%
• DSCR: 1.04
• GRM: 9.3

CMA / ARV

• ARV (median comp): $360,919
• List price: $165,000
• Delta: -54.28%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -15.0%
• Equity multiple: 0.46×
• Total profit: $-24,764
• Equity at exit: $24,602

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-18,962
• Equity at exit: $14,266

Cash invested: $46,200 (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 37336

• Home prices YoY: -0.9%
• Active inventory: 50
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,482 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $31

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 93%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $165,000 Active 22 DOM
2. 2026-06-18
   days on market $165,000 Active 21 DOM
3. 2026-06-17
   days on market $165,000 Active 20 DOM
4. 2026-06-16
   days on market $165,000 Active 19 DOM
5. 2026-06-15
   days on market $165,000 Active 18 DOM
6. 2026-06-14
   days on market $165,000 Active 16 DOM
7. 2026-06-13
   days on market $165,000 Active 15 DOM
8. 2026-06-10
   days on market $165,000 Active 13 DOM
9. 2026-06-09
   days on market $165,000 Active 12 DOM
10. 2026-06-08
    days on market $165,000 Active 11 DOM
11. 2026-06-07
    days on market $165,000 Active 10 DOM
12. 2026-06-05
    days on market $165,000 Active 7 DOM
13. 2026-06-02
    days on market $165,000 Active 5 DOM
14. 2026-06-01
    days on market $165,000 Active 4 DOM
15. 2026-05-31
    days on market $165,000 Active 3 DOM
16. 2026-05-30
    days on market $165,000 Active 2 DOM
17. 2026-04-28
    listed $165,000 Active 1371-char remark

    Show marketing remark (1371 chars)

    Investment Opportunity: 1.7-Acre Fixer-Upper Near the River Unlock the potential of this diamond in the rough! Situated on 1.70 mostly cleared acres, this property offers the perfect foundation for a custom renovation, a flip, or your dream homestead. Located just moments away from the river, this is a rare chance to secure significant acreage in a high-demand recreational area. The land is mostly cleared and usable, saving you thousands in excavation and clearing costs. Whether you want to garden, build a workshop, or create an outdoor entertaining oasis, the space is ready. Enjoy the benefits of living near the water! Whether you're into fishing, kayaking, or simply enjoying the cooler breeze, the proximity to the river makes this a highly desirable location for future resale or personal enjoyment. With almost two acres of land, there is ample room for additions, outbuildings, or even a secondary homesite (pending local zoning). The existing structure is a true fixer-upper, perfect for those who want to design it to their exact specifications. For the savvy investor or DIY enthusiast, this property is a prime candidate for building significant equity. Enjoy the peace of the countryside while staying close to the water and local amenities. Bring your tools, your vision, and your blueprints to make this property shine. Schedule a showing today!

18. 2023-12-28
    soldstatus $75,000
19. 2023-12-27
    soldstatus $75,000 130-char remark

    Show marketing remark (130 chars)

    Investor Special! This one is on 1.7 acres and in a beautiful location near the river. Mostly cleared land. Come and see this one!

20. 2023-12-27
    soldstatus $75,000

    Show marketing remark (130 chars)

    Investor Special! This one is on 1.7 acres and in a beautiful location near the river. Mostly cleared land. Come and see this one!

21. 2023-12-08
    listed $75,000
22. 2023-11-09
    listed $75,000 130-char remark

    Show marketing remark (130 chars)

    Investor Special! This one is on 1.7 acres and in a beautiful location near the river. Mostly cleared land. Come and see this one!

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $17,786
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$4,800
• Taxable loss: −$2,402
• Est. tax savings @ 24.0%: +$577
• After-tax cash flow: $944/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: Bradley County
• NCES district ID: 4700330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $45,807
• Composite: 29.54/100
• National rank: #6494
• State rank: #33 of 139 in TN

Livability — Hopewell

• Score: 70/100
• State rank: #51
• US rank: #7558

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,908

Population outlook (Bradley County) Hauer SSP2

• Today (2025): 114,901 people
• By 2030: 120,137 · +4.6%
• By 2040: 130,125 · +13.2%
• By 2050: 139,257 · +21.2%
• By 2075: 161,664 · +40.7%
• By 2100: 179,767 · +56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2% Black 1%
• Common ancestry: Serbian 9% Italian 3% Subsaharan African 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Russian/Polish/Slavic 1%

Political lean MEDSL · Bradley

• 2024 margin: Solid R (+58.9) · D 20.0% · R 78.9% · Other 1.1%
• 2008→2024 swing: -9.2pp toward R · 2008: -49.7pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+55.3 2016: R+59.1 2012: R+53.9 2008: R+49.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.04%
• Current HPI: 333.0853
• 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

+120.0% since first listed

7 events — show timeline

• 2026-04-28 Listed $165,000 REALTRACS as Distributed by MLS Grid
• 2026-04-28 Listed $165,000 RCAOR
• 2023-12-28 Sold (Public Records) $75,000 Public Records
• 2023-12-27 Sold (MLS) $75,000 REALTRACS as Distributed by MLS Grid
• 2023-12-27 Sold (MLS) $75,000 RCAOR
• 2023-12-08 Listed $75,000 REALTRACS as Distributed by MLS Grid
• 2023-11-09 Listed $75,000 RCAOR

Property tax history

+1.0%/yr

Latest (2025): $168 · -12.5% YoY. Source: county tax records.