247 English Oak LnLenoir 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
Investment property for sale in Lenoir City at 247 English Oak Ln, Lenoir City, TN, 37771 at $464,900 posts ROI 26.27% with $817/mo cash flow from $3,600/mo rent. Total monthly income equals $3,600/mo, and annual cash flow records $9,810/yr on $154,114 to close. Return on cash invested measures 26.27% and rental yield reads 9.29% at the current $464,900. Equity gained on principal adds $3,000/yr, and 5% annual appreciation supports $128,443 by year five. Five-year ROI prints 136.71% and total cumulative return in cash totals $210,688.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.33 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: Ken Arledge • Wallace
Mls Name: East Tennessee Realtors
Mls ID: #1311268