145 Harper Village 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
Investment property for sale in Lenoir City at 145 Harper Village Way, Lenoir City, TN, 37771 uses $106,743 cash to close to unlock $3,330/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,576/mo payment keeps the spread at $277/mo. Purchase price stands at $322,000, and rental yield measures 8.42% with $2,260/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $88,963 over five years. Five-year ROI reaches 119.54% and total cumulative return in cash records $127,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,576/mo payment rather than investor’s personal income.
Condo
Built in 2020
3,484 sqft lot
$N/A/sqft
$55 monthly 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: Bo Kriegner • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1311481
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.