109 Lee DrLenoir CityTN37771
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lenoir City at 109 Lee Dr, Lenoir City, TN, 37771 priced at $245,000 converts $1,698/mo rent into $232/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,698/mo, and annual cash flow totals $2,778/yr on $81,218 invested. Return on cash invested prints 23.33% in year one, and rental yield reads 8.32% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 120.93% and total cumulative return in cash sums $98,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,698/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1943
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37771, Lenoir City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,195 (100%) |
| Owner Occupied HU | 5,374 (65.6%) |
| Renter Occupied HU | 2,228 (27.2%) |
| Vacant Housing Units | 593 ( 7.2%) |
| Median Home Value | $265,872 |
| Average Home Value | $302,637 |
Housing Distribution
Address Breakdown
Residential
7,833
Single Family
7,419
Multi-Family
414
Businesses
733
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Listed by: Marcie Nichols • Keller Williams West Knoxville
Mls Name: East Tennessee Realtors
Mls ID: #1320748