For SaleNeutral Deal119 days on market
488 Prater Rd
488 Prater Rd, Smithville, TN 37166, Smithville, TN 37166
$575,000
Listing Price
488 Prater Rd, Smithville, TN 37166
Loc: Smithville, TN
Days Listed
119
Tax Assessed
$360k
Lot Size
7.86 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
N/A
Smithville Elementary School
PK-2
4.4 mi away
5
Dekalb Middle School
6-8
7 mi away
6
De Kalb County High School
9-12
7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsman stylecovered wrap-around porchbrick exteriorvertical sidingrustic aestheticrural settinglarge grassy yardtwo-storywood deckwooded surroundingscozycountry homesteep roofline
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.62%
Total ROI
102.8%
Cash Flow
$189/mo
DSCR
1.06
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $189/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Smithville
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-14 | Price change | $575,000 | $238 |
| 2026-07-15 | Price change | $599,999 | $248 |
| 2026-06-22 | Price change | $639,999 | $265 |
| 2026-05-29 | Listed for sale | $650,000 | $269 |
| 2019-08-14 | Sold | $58,000 | $24 |
| 2009-06-30 | Listing removed | $79,900 | $33 |
| 2009-06-27 | Price change | $79,900 | $33 |
| 2009-03-27 | Listed for sale | $160,000 | $66 |
| 1998-06-11 | Sold | $45,500 | $19 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,261.51 | $90,100 |
| 2024 | $2,261.51 | $90,100 |
| 2023 | $1,802 | $90,100 |
| 2022 | $1,559.45 | $90,100 |
| 2021 | $0 | $90,100 |
| 2020 | $302.6 | $14,250 |
| 2019 | $302.6 | $14,250 |
| 2018 | $261.27 | $14,250 |
| 2017 | $261 | $14,250 |
| 2016 | $261 | $14,250 |
| 2015 | $230.85 | $14,250 |
| 2014 | $240.17 | $14,825 |
| 2013 | $240.17 | $14,825 |
| 2011 | $240.17 | $14,825 |
| 2010 | $212.8 | $14,575 |
| 2009 | $212.8 | $14,575 |
| 2008 | $212.8 | $14,575 |
| 2007 | $195.08 | $11,475 |
| 2006 | $218.03 | $11,475 |
| 2005 | $173.27 | $11,475 |
| 2004 | $187.04 | $11,475 |
| 2003 | $209.86 | $12,875 |
| 2001 | $0 | $9,333 |
| 2000 | $0 | $37,330 |
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