103 Houston AveOak 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 103 Houston Ave, Oak Ridge, TN, 37830 offers $2,155/mo rent that, after a $1,394/mo payment, leaves $450/mo cash flow. Total monthly income is $2,155/mo, and annual cash flow is $5,400/yr on $94,444 cash. Return on cash invested measures 25.63% in year one, and rental yield stands at 9.08% at a $284,900 entry. Equity gained on principal adds $1,838/yr while 5% annual appreciation compounds into $78,713 by year five. Five-year ROI records 133.21% and total cumulative return in cash reaches $125,807. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,155/mo property income versus a $1,394/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.37 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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