120 Jan WayLenoir CityTN37771
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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 Lenoir City at 120 Jan Way, Lenoir City, TN, 37771 priced at $235,000 pairs $1,868/mo rent with $461/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,868/mo, and annual cash flow comes to $5,538/yr on $77,903 invested. Return on cash invested is 27.02% in year one, and rental yield stands at 9.54% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 140.72% and total cumulative return in cash reaches $109,624. For financing, Ziffy Mortgage’s DSCR program evaluates $1,868/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2002
1,881 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: Sarah Clark • Honors Real Estate Services LLC
Mls Name: East Tennessee Realtors
Mls ID: #1311876