102 E Morningside DrOak RidgeTN37830
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Oak Ridge at 102 E Morningside Dr, Oak Ridge, TN, 37830 priced at $489,000 pairs $2,867/mo rent with after a $2,393/mo payment. Total monthly income equals $2,867/mo. Return on cash invested is 19.47% in year one, and rental yield stands at 7.04% on a $489,000 basis. Equity gained on principal adds $3,155/yr, and 5% annual appreciation accumulates to $135,102 by year five. Five-year ROI measures 100.22% and total cumulative return in cash reaches $162,454. For financing, Ziffy Mortgage’s DSCR program evaluates $2,867/mo property income against a $2,393/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37830, Oak Ridge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,965 (100%) |
| Owner Occupied HU | 9,391 (58.8%) |
| Renter Occupied HU | 5,222 (32.7%) |
| Vacant Housing Units | 1,352 ( 8.5%) |
| Median Home Value | $278,924 |
| Average Home Value | $301,190 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
14,382
Multi-Family
1,191
Businesses
1,115
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