1298 Lockington LnSeymourTN37865
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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 Seymour at 1298 Lockington Ln, Seymour, TN, 37865 offers $3,420/mo rent that, after a $2,038/mo payment, leaves $902/mo cash flow. Total monthly income is $3,420/mo, and annual cash flow is $10,830/yr on $138,022 cash. Return on cash invested measures 27.76% in year one, and rental yield stands at 9.86% at a $416,355 entry. Equity gained on principal adds $2,687/yr while 5% annual appreciation compounds into $115,031 by year five. Five-year ROI records 144.75% and total cumulative return in cash reaches $199,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,420/mo property income versus a $2,038/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.94 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37865, Seymour, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,747 (100%) |
| Owner Occupied HU | 7,181 (73.7%) |
| Renter Occupied HU | 1,851 (19.0%) |
| Vacant Housing Units | 715 ( 7.3%) |
| Median Home Value | $381,271 |
| Average Home Value | $426,262 |
Housing Distribution
Address Breakdown
Residential
9,567
Single Family
9,567
Multi-Family
0
Businesses
491
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Listed by: Codi D Hatmaker • D.R. Horton
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1294304
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.