1201 Misty Ridge DrLenoir CityTN37772
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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 Lenoir City at 1201 Misty Ridge Dr, Lenoir City, TN, 37772 earns $868/mo cash flow from $2,640/mo rent with a $1,449/mo payment. Total monthly income totals $2,640/mo, and annual cash flow totals $10,414/yr on $98,124 capital. ROI tracks 30.52% on current figures, and rental yield reads 10.7% at a $296,000 purchase. Equity gained on principal adds $1,910/yr, and 5% annual appreciation supports $81,779 over five years. Five-year ROI reaches 159.48% and total cumulative return in cash sums $156,484. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 1994
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37772, Lenoir City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,270 (100%) |
| Owner Occupied HU | 4,922 (78.5%) |
| Renter Occupied HU | 962 (15.3%) |
| Vacant Housing Units | 386 ( 6.2%) |
| Median Home Value | $423,321 |
| Average Home Value | $503,598 |
Housing Distribution
Address Breakdown
Residential
6,462
Single Family
6,452
Multi-Family
10
Businesses
265
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Listed by: Jason Ratledge • East Tennessee Properties, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1312324