164 Norris St · Lake Tansi, TN 38572

$69,000

1 bd · 1.0 ba · 320 sqft · SingleFamily public records · 340 Days on market

Built 2011 0.30 ac lot $16/mo HOA · 2% of rent

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

Listing remarks MLS

Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

Key facts

• Tranquil stream
• Scenic views
• Community well

Tags

• SCENIC VIEWS
• TRANQUIL STREAM
• ENCLOSED WALK-IN CRAWL SPACE
• COMMUNITY WELL

Property features AI

Finance

• HOA & community: Homeowners association with $190 annual fee

Exterior

• Utilities: Septic tank
• Home design: Detached property; 728 building area (owner provided)
• Construction: Frame construction
• Exterior features: Vinyl windows; Cul-de-sac lot; Private setting; Wooded lot; Irregular-shaped lot; Lot dimensions approx. 110 x 121

Interior

• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Window air conditioning units
• Interior features: 3 total rooms; Laminate flooring

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#245 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, amenities F, commute 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: Frank P. Brown Elementary (math 33% / reading 32%, grade F, #365 of 952 statewide, top 39%, 615 students, 0% FRL); Cumberland County High School (math 28% / reading 41%, grade F, #41 of 332 statewide, top 15%, 985 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: 447 active listings in the ZIP; 114 units permitted in Cumberland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($477 loan paydown + $7k appreciation (10.0% local appreciation)).
• Cumberland County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 340 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 8y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $69k implies a 146% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 340 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.52% ✓
• Cap rate: 12.10%
• Cash-on-cash: 20.74%
• DSCR: 1.92
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 36.6%
• Equity multiple: 3.83×
• Total profit: $54,679
• Equity at exit: $62,161

10-year hold

• IRR: 31.6%
• Equity multiple: 8.65×
• Total profit: $147,757
• Equity at exit: $134,052

Cash invested: $19,320 (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 38572

• Home prices YoY: 10.4%
• Active inventory: 447
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,046 medium
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$16
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $267

Break-even live

Break-even rent $708

Max offer price $69,000

Occupancy floor 69%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $16 · $192/yr
• Likely covers: waterelectric

Listing history 42 events

1. 2026-06-18
   days on market $69,000 Active 340 DOM
2. 2026-06-17
   days on market $69,000 Active 339 DOM
3. 2026-06-16
   days on market $69,000 Active 338 DOM
4. 2026-06-15
   days on market $69,000 Active 337 DOM
5. 2026-06-13
   days on market $69,000 Active 335 DOM
6. 2026-06-12
   days on market $69,000 Active 334 DOM
7. 2026-06-09
   days on market $69,000 Active 331 DOM
8. 2026-06-08
   days on market $69,000 Active 330 DOM
9. 2026-06-08
   days on market $69,000 Active 329 DOM
10. 2026-06-07
    days on market $69,000 Active 328 DOM
11. 2026-06-03
    days on market $69,000 Active 325 DOM
12. 2026-06-02
    days on market $69,000 Active 324 DOM
13. 2026-06-01
    days on market $69,000 Active 323 DOM
14. 2026-05-31
    days on market $69,000 Active 322 DOM
15. 2026-05-22
    price $69,000 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

16. 2026-05-22
    price $69,000

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

17. 2026-04-20
    status Active
18. 2026-04-09
    historical
19. 2026-01-01
    historical 880-char remark

    Show marketing remark (880 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Additional perks include an enclosed walk-in crawl space and some existing plumbing. Currently not connected to electrical service nor water service. Water is serviced by community well, cost is $600 per year if occupied, $430 per year if vacant. POA dues are $95 pee year per lot Enjoy privacy at the end of the street with only four-legged neighbors. Buyer to verify all measurements and information before making an informed offer.

20. 2025-08-13
    status Active 880-char remark

    Show marketing remark (880 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Additional perks include an enclosed walk-in crawl space and some existing plumbing. Currently not connected to electrical service nor water service. Water is serviced by community well, cost is $600 per year if occupied, $430 per year if vacant. POA dues are $95 pee year per lot Enjoy privacy at the end of the street with only four-legged neighbors. Buyer to verify all measurements and information before making an informed offer.

21. 2025-08-07
    historical 880-char remark

    Show marketing remark (880 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Additional perks include an enclosed walk-in crawl space and some existing plumbing. Currently not connected to electrical service nor water service. Water is serviced by community well, cost is $600 per year if occupied, $430 per year if vacant. POA dues are $95 pee year per lot Enjoy privacy at the end of the street with only four-legged neighbors. Buyer to verify all measurements and information before making an informed offer.

22. 2025-07-03
    status Active 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

23. 2025-07-02
    listed $79,000 Active
24. 2025-07-01
    historical 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

25. 2025-06-30
    historical
26. 2025-02-19
    listed $79,000 Active 880-char remark

    Show marketing remark (880 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Additional perks include an enclosed walk-in crawl space and some existing plumbing. Currently not connected to electrical service nor water service. Water is serviced by community well, cost is $600 per year if occupied, $430 per year if vacant. POA dues are $95 pee year per lot Enjoy privacy at the end of the street with only four-legged neighbors. Buyer to verify all measurements and information before making an informed offer.

27. 2024-09-25
    price $79,000 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

28. 2024-09-25
    price $79,000

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

29. 2024-08-08
    price $89,000 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

30. 2024-08-08
    price $89,000

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

31. 2024-05-31
    historical
32. 2024-03-15
    listed $99,000 Active
33. 2023-12-15
    listed $99,000 Active 811-char remark

    Show marketing remark (811 chars)

    Embrace scenic views from your front porch! Nestled on two lots with a tranquil stream at the back, this property offers a serene retreat for vacationing or year-round living. Currently a work in progress, this charming cabin awaits your creative touch to transform it into a dream summer home, vacation getaway, or ideal Airbnb. Featuring remarkable woodwork and craftsmanship, with exposed beams and more, the cabin's potential shines through. Interior basically unfinished, Additional perks include an enclosed walk-in crawl space and some existing plumbing. Enjoy privacy at the end of the street with only four-legged neighbors. Currently no electrical service nor water service connected to house, both available at street. Buyer to verify all measurements and information before making an informed offer.

34. 2023-12-14
    listed $99,000 Active
35. 2021-12-01
    soldstatus $28,000
36. 2021-12-01
    soldstatus $28,000
37. 2021-10-25
    listed $39,000
38. 2018-08-07
    soldstatus $36,000
39. 2018-07-25
    soldstatus $36,000
40. 2018-03-23
    listed $48,000
41. 2008-12-29
    soldstatus $2,000
42. 2000-04-14
    soldstatus $600

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,558
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$1,142
• − Repairs & maintenance: −$1,005
• − Management: −$1,005
• − HOA: −$192
• − Depreciation: −$2,007
• Taxable income: $2,307
• Est. tax owed @ 24.0%: −$554
• After-tax cash flow: $2,656/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 — Lake Tansi

• Score: 61/100
• State rank: #245
• US rank: #17630

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,030

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 (95%)
• Race & ethnicity: White 95% Hispanic / Latino 3% Two or more races 2%
• Common ancestry: Romanian 3% Iranian 2% Italian 2%
• Foreign-born: 1% · Canada

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: ▲ 34.68%
• Current HPI: 367.3069
• 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

+3350.0% since first listed

28 events — show timeline

• 2026-05-22 Price Changed $69,000 UCMLS
• 2026-05-22 Price Changed $69,000 Knoxville MLS
• 2026-04-20 Relisted — Knoxville MLS
• 2026-04-09 Listing Removed — Knoxville MLS
• 2026-01-01 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-08-13 Relisted — REALTRACS as Distributed by MLS Grid
• 2025-08-07 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-07-03 Relisted — UCMLS
• 2025-07-02 Listed $79,000 Knoxville MLS
• 2025-07-01 Delisted — UCMLS
• 2025-06-30 Listing Removed — Knoxville MLS
• 2025-02-19 Listed $79,000 REALTRACS as Distributed by MLS Grid
• 2024-09-25 Price Changed $79,000 UCMLS
• 2024-09-25 Price Changed $79,000 Knoxville MLS
• 2024-08-08 Price Changed $89,000 UCMLS
• 2024-08-08 Price Changed $89,000 Knoxville MLS
• 2024-05-31 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2024-03-15 Listed $99,000 REALTRACS as Distributed by MLS Grid
• 2023-12-15 Listed $99,000 UCMLS
• 2023-12-14 Listed $99,000 Knoxville MLS
• 2021-12-01 Sold (MLS) $28,000 UCMLS
• 2021-12-01 Sold (MLS) $28,000 REALTRACS as Distributed by MLS Grid
• 2021-10-25 Listed $39,000 UCMLS
• 2018-08-07 Sold (MLS) $36,000 REALTRACS as Distributed by MLS Grid
• 2018-07-25 Sold (MLS) $36,000 UCMLS
• 2018-03-23 Listed $48,000 UCMLS
• 2008-12-29 Sold (Public Records) $2,000 Public Records
• 2000-04-14 Sold (Public Records) $600 Public Records

Property tax history

+6.0%/yr

Latest (2025): $99 · +0.0% YoY. Source: county tax records.