116 Hoyt LnOak 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
Investment property for sale in Oak Ridge at 116 Hoyt Ln, Oak Ridge, TN, 37830 earns $813/mo cash flow from $1,950/mo rent with a $930/mo payment. Total monthly income totals $1,950/mo, and annual cash flow totals $9,751/yr on $62,985 capital. ROI tracks 35.39% on current figures, and rental yield reads 12.32% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 185.63% and total cumulative return in cash sums $116,916. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,950/mo property income instead of your personal income.
Multi Family
Built in 1943
0.71 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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