185 Abbott RdLenoir CityTN37771
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
Rental property for sale in Lenoir City at 185 Abbott Rd, Lenoir City, TN, 37771 offers $2,007/mo rent that, after a $1,468/mo payment, leaves $212/mo cash flow. Total monthly income is $2,007/mo, and annual cash flow is $2,539/yr on $99,417 cash. Return on cash invested measures 22.46% in year one, and rental yield stands at 8.03% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 116.28% and total cumulative return in cash reaches $115,600. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,007/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.65 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Moody • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1294750
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.