227 Starboard DrLenoir 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
Rental property for sale in Lenoir City at 227 Starboard Dr, Lenoir City, TN, 37772 generates $2,975/mo in rent, after a $9,251/mo payment. Total monthly income is $2,975/mo. Return on cash invested sits at 4.03% in year one, and rental yield is 1.89% on a $1,890,000 entry. Equity gained on principal adds $12,196/yr, while 5% annual appreciation builds toward $522,172 over five years. Five-year ROI reaches 17.31% and total cumulative return in cash sums $105,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,975/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
0.40 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: Joseph Ayres • WindRiver Properties
Mls Name: East Tennessee Realtors
Mls ID: #1314999