205 Executive Meadows DrLenoir 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 205 Executive Meadows Dr, Lenoir City, TN, 37771 with 5% annual appreciation on a $279,900 basis while $1,770/mo rent supports operations. Total monthly income totals $1,770/mo and a $1,370/mo payment preserves $94/mo for cash returns. Annual cash flow comes to $1,133/yr on $92,787 deployed, and return on cash invested reaches 21.13% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,331 alongside rental yield of 7.59%. Five-year ROI measures 109.14% and total cumulative return in cash totals $101,269.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,770/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1999
2,178 sqft 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
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Listed by: Rosemary Quillen • Realty Executives Associates
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3000453