1315 Grove St · Loudon, TN 37774

$139,999

2 bd · 1.0 ba · 744 sqft · SingleFamily public records · 49 Days on market

Built 1940 8,712 sqft lot $188/sqft · 29% below area Est $198k · 29% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled, one level home with 2 bedrooms, 1 full bathroom... Nice covered front porch, New fascia board, New paint, New wood look laminate floors, New lighting fixtures New exterior doors , New split unit heating and cooling, Newly painted metal roof & more! Affordable living or great investment for rental home! Convenient location is minutes to everything!

Key facts

• Covered front porch
• New exterior doors
• New fascia board

Tags

• COVERED FRONT PORCH
• NEW FASCIA BOARD
• NEW PAINT
• NEW WOOD LOOK LAMINATE FLOORS
• NEW LIGHTING FIXTURES
• NEW EXTERIOR DOORS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/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 10.9% vs local median 3.2% in Loudon — 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 63/100 on livability (#190 in TN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, schools F, amenities F.
• Loudon County (rural): math 39% / reading 35% proficiency, ranked #18 of 139 in TN (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 436 active listings in the ZIP; solid renter incomes; 608 units permitted in Loudon County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Loudon County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $72k; list at $140k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,799 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.24% ✓
• Cap rate: 10.85%
• Cash-on-cash: 16.28%
• DSCR: 1.72
• GRM: 6.7

CMA / ARV

• ARV (median comp): $197,871
• List price: $139,999
• Delta: -29.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1219 Main St	0.26mi	2/1.0	816 (+10%)	13mo	$234,000	$287	61
1105 Freedman St	0.44mi	2/1.0	840 (+13%)	4mo	$90,000	$107	55
1215 Main St	0.28mi	1/1.0 (-1)	650 (-13%)	10mo	$53,500	$82	52
900 Valley Vista Dr	0.71mi	2/1.0	804 (+8%)	3mo	$232,710	$289	51
105 Highland Ave	0.67mi	2/1.0	804 (+8%)	24mo	$225,000	$280	36

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: 7.3%
• Equity multiple: 1.28×
• Total profit: $11,135
• Equity at exit: $20,874

10-year hold

• IRR: 16.6%
• Equity multiple: 2.35×
• Total profit: $53,107
• Equity at exit: $12,105

Cash invested: $39,200 (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 37774

• Home prices YoY: -12.8%
• Active inventory: 436
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,740 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$51 /mo · $607/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $532

Break-even live

Break-even rent $1,067

Max offer price $139,999

Occupancy floor 64%

Sensitivity live

Price	-10% $611	-5% $571	+0% $532	+5% $492	+10% $453
Rent	-10% $394	-5% $463	+0% $532	+5% $601	+10% $669
Rate	-1.0pp $602	-0.5pp $567	base $532	+0.5pp $496	+1.0pp $459

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-17
   status $139,999 Pending 49 DOM
2. 2026-06-17
   days on market $139,999 Active 49 DOM
3. 2026-06-16
   days on market $139,999 Active 48 DOM
4. 2026-06-15
   days on market $139,999 Active 47 DOM
5. 2026-06-14
   days on market $139,999 Active 45 DOM
6. 2026-06-10
   days on market $139,999 Active 42 DOM
7. 2026-06-09
   days on market $139,999 Active 41 DOM
8. 2026-06-08
   days on market $139,999 Active 40 DOM
9. 2026-06-07
   days on market $139,999 Active 39 DOM
10. 2026-06-05
    statusdays on market $139,999 Active 36 DOM
11. 2026-05-14
    status Pending 367-char remark

    Show marketing remark (367 chars)

    Remodeled, one level home with 2 bedrooms, 1 full bathroom... Nice covered front porch, New fascia board, New paint, New wood look laminate floors, New lighting fixtures New exterior doors , New split unit heating and cooling, Newly painted metal roof & more! Affordable living or great investment for rental home! Convenient location is minutes to everything!

12. 2026-04-08
    listed $139,999 Active 367-char remark

    Show marketing remark (367 chars)

    Remodeled, one level home with 2 bedrooms, 1 full bathroom... Nice covered front porch, New fascia board, New paint, New wood look laminate floors, New lighting fixtures New exterior doors , New split unit heating and cooling, Newly painted metal roof & more! Affordable living or great investment for rental home! Convenient location is minutes to everything!

13. 2026-04-06
    soldstatus $72,500
14. 2004-11-24
    soldstatus $35,000

ⓘ 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: $607 · $51/mo
• Projected year-2 tax: $994 · $83/mo
• Expected delta: +$387/yr (+$32/mo · 63.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $20,885
• − Mortgage interest: −$7,842
• − Property taxes: −$607
• − Insurance: −$700
• − Repairs & maintenance: −$1,671
• − Management: −$1,671
• − Depreciation: −$4,073
• Taxable income: $4,321
• Est. tax owed @ 24.0%: −$1,037
• After-tax cash flow: $5,345/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: Loudon County
• NCES district ID: 4702520
• Math proficiency: 39% ▼ -13.00%
• Reading proficiency: 35% ▼ -4.00%
• Median HH income: $54,201
• Composite: 32.43/100
• National rank: #5724
• State rank: #18 of 139 in TN

Livability — Loudon

• Score: 63/100
• State rank: #190
• US rank: #15214

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loudon, TN
• County: Loudon County · 54,472 people
• City population: 21,784
• Metro: Knoxville, TN
• Population (ZIP): 21,784
• Household income: $87,718
• Rent vs Own: 15.4% rent · 84.6% own
• Severe rent burden: 200.0

Population outlook (Loudon County) Hauer SSP2

• Today (2025): 55,364 people
• By 2030: 57,414 · +3.7%
• By 2040: 61,216 · +10.6%
• By 2050: 64,846 · +17.1%
• By 2075: 75,829 · +37.0%
• By 2100: 85,693 · +54.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 9% Two or more races 6% Asian 2% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Serbian 3% Romanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Loudon

• 2024 margin: Solid R (+53.0) · D 23.0% · R 76.0% · Other 1.1%
• 2008→2024 swing: -9.0pp toward R · 2008: -44.0pp · 2024: -53.0pp
• All cycles: 2024: R+53.0 2020: R+50.3 2016: R+54.4 2012: R+52.8 2008: R+44.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.04%
• Current HPI: 320.0874
• Rent YoY: —
• Metro: Knoxville, TN
• 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

+300.0% since first listed

4 events — show timeline

• 2026-05-14 Pending — Knoxville MLS
• 2026-04-08 Listed $139,999 Knoxville MLS
• 2026-04-06 Sold (Public Records) $72,500 Public Records
• 2004-11-24 Sold (Public Records) $35,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $607 · +0.0% YoY. Source: county tax records.