122 Alger RdOak RidgeTN37830
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
Investment property for sale in Oak Ridge at 122 Alger Rd, Oak Ridge, TN, 37830 at $209,900 posts ROI 23.58% with $213/mo cash flow from $1,469/mo rent. Total monthly income equals $1,469/mo, and annual cash flow records $2,554/yr on $69,582 to close. Return on cash invested measures 23.58% and rental yield reads 8.4% at the current $209,900. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 by year five. Five-year ROI prints 122.27% and total cumulative return in cash totals $85,076.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,469/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
0.53 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Saunders • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1296469
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.