221 El Grande LnLenoir 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 221 El Grande Ln, Lenoir City, TN, 37771 with 5% annual appreciation on a $190,500 basis while $2,468/mo rent supports operations. Total monthly income totals $2,468/mo and a $932/mo payment preserves $1,273/mo for cash returns. Annual cash flow comes to $15,276/yr on $63,151 deployed, and return on cash invested reaches 44.1% in year one. Equity gained on principal adds $1,229/yr, and five-year appreciation sums $52,632 alongside rental yield of 15.55%. Five-year ROI measures 232.74% and total cumulative return in cash totals $146,977.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,468/mo property income versus a $932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2007
1 Acres 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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