150 Ridgebark LnLenoir 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 150 Ridgebark Ln, Lenoir City, TN, 37772 at $432,900 posts ROI 14.95% with from $1,998/mo rent. Total monthly income equals $1,998/mo. Return on cash invested measures 14.95% and rental yield reads 5.54% at the current $432,900. Equity gained on principal adds $2,793/yr, and 5% annual appreciation supports $119,602 by year five. Five-year ROI prints 75.97% and total cumulative return in cash totals $109,021. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,998/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
0.48 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: Barbara Ratledge • East Tennessee Properties, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1325356