205 Finley 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
Rental property for sale in Lenoir City at 205 Finley Dr, Lenoir City, TN, 37771 priced at $364,900 converts $2,791/mo rent into $607/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $7,280/yr on $120,964 invested. Return on cash invested prints 25.93% in year one, and rental yield reads 9.18% against a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,815 by year five. Five-year ROI reaches 134.86% and total cumulative return in cash sums $163,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.51 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
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Listed by: Jessica Bulischeck • Your Home Sold Guaranteed Real
Mls Name: GSMAR, GSMMLS
Mls Provider:
Mls ID: #308630
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