321 Lakeview Dr · Fairfield Glade, TN 38558

$249,000

3 bd · 2.0 ba · 1,275 sqft · SingleFamily public records · 45 Days on market

Built 1986 10,454 sqft lot $140/mo HOA · 7% of rent

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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 +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Appreciation +4.0/10.0
• 1% rule +3.2/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This 3-bedroom, 2-bath home offers approximately 1,275 sq. ft. of living space with an all-brick exterior and a level yard. Interior features include vaulted ceilings, a propane fireplace, bay windows, formal dining area, breakfast area, walk-in shower, walk-in closet and multiple storage closets throughout. The kitchen includes a newer refrigerator, and the large laundry room provides additional storage space. Outdoor amenities include an inviting front porch, oversized deck, and storage shed. Additional features include a 2-car garage with sink, pegboard walls, and space suitable for a workshop area. Newer HVAC system. Buyer to verify all information.

Key facts

• Level yard
• Propane fireplace
• Formal dining area

Tags

• ALL BRICK EXTERIOR
• LEVEL YARD
• PROPANE FIREPLACE
• BAY WINDOWS
• FORMAL DINING AREA
• BREAKFAST AREA

Property features AI

Finance

• Other: Directions: From I-40 Exit 322 Peavine Road travel 5 miles then right onto Lakeview Drive. Home is on the left.
• Financial info: Property tax information available
• HOA & community: HOA membership required; Monthly HOA fee of $140; HOA covers trash, sewer, security and some amenities; Community amenities include golf course, playground, recreation facilities, sidewalks and security

Exterior

• Parking: Attached 2-car garage; Main-level parking
• Security: Community security
• Utilities: Public sewer
• Home design: Single-family (detached); 1,275 building area (per tax records)
• Construction: Brick exterior; Frame components; Crawl space foundation
• Exterior features: Brick and frame construction; Level lot; Located in a golf community; Country setting view

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: Bedrooms not specified
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Propane heating; Electric heating; Central cooling; Ceiling fans
• Interior features: Walk-in closets; Eat-in kitchen; 8 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $17 ($204/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 $204k (18.2% below list).
• Recommended offer: $204k (18.2% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: amenities F, commute F, health & safety 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.
• Zoned schools: Crab Orchard Elementary (math 24% / reading 25%, grade F, #546 of 952 statewide, top 61%, 458 students, 0% FRL); Stone Memorial High School (math 19% / reading 45%, grade F, #56 of 332 statewide, top 20%, 1,031 students, 0% FRL) — zoned schools average 0% FRL vs 56% district-wide (56 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 603 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 $2k of loan paydown is wiped out by about $5k 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 45 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $88k; list at $249k implies a 185% gain — meaningful room to come down on a strong offer.

Recommended offer $203,605 (18.2% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.82% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 10.2

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: -10.7%
• Equity multiple: 0.58×
• Total profit: $-29,350
• Equity at exit: $47,726

10-year hold

• IRR: -2.8%
• Equity multiple: 0.78×
• Total profit: $-15,499
• Equity at exit: $40,183

Cash invested: $69,720 (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: 603
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,036 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$42 /mo · $503/yr
• Insurance: −$104
• HOA: −$140
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $17

Break-even live

Break-even rent $2,014

Max offer price $249,000

Occupancy floor 94%

Sensitivity live

Price	-10% $158	-5% $88	+0% $17	+5% $-338	+10% $-424
Rent	-10% $-144	-5% $-63	+0% $17	+5% $97	+10% $178
Rate	-1.0pp $142	-0.5pp $80	base $17	+0.5pp $-47	+1.0pp $-113

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $140 · $1,680/yr

Listing history 20 events

1. 2026-06-21
   days on market $249,000 Active 45 DOM
2. 2026-06-21
   statusdays on market $249,000 Active 44 DOM
3. 2026-06-18
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 42 DOM
4. 2026-06-17
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 41 DOM
5. 2026-06-16
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 40 DOM
6. 2026-06-15
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 39 DOM
7. 2026-06-13
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 37 DOM
8. 2026-06-12
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 36 DOM
9. 2026-06-09
   days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 33 DOM
10. 2026-06-08
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 32 DOM
11. 2026-06-08
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 31 DOM
12. 2026-06-07
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 30 DOM
13. 2026-06-03
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 27 DOM
14. 2026-06-02
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 26 DOM
15. 2026-06-01
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 25 DOM
16. 2026-05-31
    days on market $249,000 Pending - Continue to Show - 1st Right of Refusal 24 DOM
17. 2026-05-31
    status $249,000 Pending - Continue to Show - 1st Right of Refusal 23 DOM
18. 2026-05-07
    listed $249,000 Active
19. 1992-05-14
    soldstatus $87,500
20. 1989-04-03
    soldstatus $88,500

ⓘ 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: $503 · $42/mo
• Projected year-2 tax: $1,768 · $147/mo
• Expected delta: +$1,265/yr (+$105/mo · 251.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $24,433
• − Mortgage interest: −$13,948
• − Property taxes: −$503
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,955
• − Management: −$1,955
• − HOA: −$1,680
• − Depreciation: −$7,244
• Taxable loss: −$4,096
• Est. tax savings @ 24.0%: +$983
• After-tax cash flow: $1,187/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

+181.4% since first listed

3 events — show timeline

• 2026-05-07 Listed $249,000 Knoxville MLS
• 1992-05-14 Sold (Public Records) $87,500 Public Records
• 1989-04-03 Sold (Public Records) $88,500 Public Records

Property tax history

+1.5%/yr

Latest (2025): $503 · +0.0% YoY. Source: county tax records.