111 Tomlinson RdOak 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 111 Tomlinson Rd, Oak Ridge, TN, 37830 priced at $312,500 converts $2,097/mo rent into $226/mo cash flow after a $1,530/mo obligation. Total monthly income equals $2,097/mo, and annual cash flow totals $2,710/yr on $103,594 invested. Return on cash invested prints 22.53% in year one, and rental yield reads 8.05% against a $312,500 entry. Equity gained on principal adds $2,017/yr, while 5% annual appreciation compiles into $86,338 by year five. Five-year ROI reaches 116.59% and total cumulative return in cash sums $120,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,097/mo property income covering a $1,530/mo payment, not borrower’s personal income.
Single Family
Built in 1943
0.31 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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Listed by: Kevin Keck • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1301215
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.