2114 Anderson Bend Rd · Russellville, TN 37860

$149,900

3 bd · 1.0 ba · 1,260 sqft · SingleFamily · 1 Days on market

Built 1947 Fair condition 0.67 ac lot Est $155k · at est.

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Why this score? — see what drove the C 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 +17.3/30.0
• Appreciation +10.0/10.0
• ARV discount +9.0/15.0
• DSCR +5.4/10.0
• 1% rule +4.7/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

Enjoy the Tennessee Countryside life in this character-filled full brick home. The home has been partially renovated but changes in the family's situation mean this home is ready for a new owner to finish the house and tailor it to their own needs. With roughly 1,260 square feet a two or three bedroom layout is possible, depending on the new owner's preference. The living room features a charming brick fireplace and new flooring. The basement adds plenty of additional storage space. The house sits on roughly . 67 acres with an adjoining 22+/- acres available separately. A brick detached two car garage adds convenience and even more storage space. House is connected to public water but a pri

Key facts

• Not in a subdivision
• Brick fireplace
• Full brick home

Tags

• FULL BRICK HOME
• PARTIALLY RENOVATED
• BRICK FIREPLACE
• ADDITIONAL STORAGE SPACE
• DETACHED TWO CAR GARAGE
• NOT IN A SUBDIVISION

Property features AI

Finance

• Other: Property type: Residential (single family residence); Lot dimensions roughly 258 x 139; Lot area approximately 0.67 acres

Exterior

• Parking: 2-car garage; Asphalt parking
• Utilities: Public water; Septic tank sewer; Electricity available; Water connected
• Home design: Single-family house; One story; Fixer condition
• Construction: Brick construction; Block and brick/mortar foundation; Built above grade (finished area provided)
• Exterior features: Rain gutters; Covered front porch; Front yard; Irregular, rolling-slope lot; Paved road frontage on a county road; Additional parcel(s) included

Interior

• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central heating; Electric heating; Central air; Electric cooling; No cooling listed
• Interior features: See remarks; Has fireplace (living room); Block basement
• Laundry & utility: Laundry: see remarks

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $110 ($1k/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 $145k (3.3% below list).
• Recommended offer: $145k (3.3% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.1% in Russellville — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Hamblen County (urban): math 31% / reading 30% proficiency, ranked #57 of 139 in TN (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Whitesburg Elementary (math 32% / reading 42%, grade F, #272 of 952 statewide, top 31%, 206 students, 0% FRL); East Ridge Middle School (math 35% / reading 31%, grade F, #77 of 333 statewide, top 24%, 498 students, 0% FRL); Morristown East High (math 12% / reading 37%, grade F, #129 of 332 statewide, top 43%, 1,572 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 55 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 298 units permitted in Hamblen County in 2024 (48 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,000 (3.3% below list)

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. Built in 1947 — 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. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.13%
• DSCR: 1.14
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $154,980
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2114 Anderson Bend Rd	0.00mi	3/1.0	1,260 (0%)	0mo	$155,000	$123	100

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.5%
• Equity multiple: 3.11×
• Total profit: $88,640
• Equity at exit: $135,042

10-year hold

• IRR: 23.3%
• Equity multiple: 7.09×
• Total profit: $255,586
• Equity at exit: $291,223

Cash invested: $41,972 (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 37860

• Home prices YoY: 4.9%
• Active inventory: 55
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,450 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $110

Break-even live

Break-even rent $1,311

Max offer price $149,900

Occupancy floor 87%

Sensitivity live

Price	-10% $213	-5% $161	+0% $110	+5% $58	+10% $6
Rent	-10% $-5	-5% $52	+0% $110	+5% $167	+10% $224
Rate	-1.0pp $185	-0.5pp $148	base $110	+0.5pp $71	+1.0pp $31

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2190 Three Springs Rd Unit 2188 Russellville, TN	2.0	1.0	975	$1,450	$1.49	22d	1	0.84mi

Listing history 2 events

1. 2026-04-28
   status Pending
2. 2026-04-27
   listed $149,900 Active

ⓘ 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 7/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,400
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − Depreciation: −$4,361
• Taxable loss: −$1,139
• Est. tax savings @ 24.0%: +$273
• After-tax cash flow: $1,588/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 home is undergoing moderate renovations, with kitchen and bathroom flooring and walls needing major repairs. Exterior paint and landscaping would significantly enhance its curb appeal and value.

Repairs flagged

• Major kitchen flooring — Exposed subfloor
• Major bathroom flooring — Exposed subfloor
• Major kitchen walls — Exposed framing, drywall removed
• Major bathroom walls — Exposed framing, drywall removed

Value-add opportunities

• Resale Kitchen renovation — Modern kitchen design enhances appeal
• Resale Bathroom renovation — Modern bathroom design enhances appeal
• Both Exterior paint — Enhances curb appeal and value
• Both Landscaping — Enhances curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen flooring · Exposed subfloor	Major	$15,000–50,000
bathroom flooring · Exposed subfloor	Major	$15,000–50,000
kitchen walls · Exposed framing, drywall removed	Major	$15,000–50,000
bathroom walls · Exposed framing, drywall removed	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Resale Kitchen renovation — Modern kitchen design enhances appeal ↑
• Resale Bathroom renovation — Modern bathroom design enhances appeal ↑
• Both Exterior paint — Enhances curb appeal and value ↑
• Both Landscaping — Enhances curb appeal 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: Hamblen County
• NCES district ID: 4700001
• Math proficiency: 31% ▼ -5.00%
• Reading proficiency: 30% ▼ -4.00%
• Median HH income: $39,361
• Composite: 25.61/100
• National rank: #7412
• State rank: #57 of 139 in TN

Livability — Russellville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 3,739

Population outlook (Hamblen County) Hauer SSP2

• Today (2025): 65,185 people
• By 2030: 65,707 · +0.8%
• By 2040: 66,189 · +1.5%
• By 2050: 65,798 · +0.9%
• By 2075: 62,642 · -3.9%
• By 2100: 55,702 · -14.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Black 3% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Serbian 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Hamblen

• 2024 margin: Solid R (+58.9) · D 20.1% · R 79.0%
• 2008→2024 swing: -20.5pp toward R · 2008: -38.4pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.0 2016: R+57.2 2012: R+46.4 2008: R+38.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.07%
• Current HPI: 341.0227
• 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

2 events — show timeline

• 2026-04-28 Pending — LAAR
• 2026-04-27 Listed $149,900 LAAR