260 Wingate Dr SLenoir 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 260 Wingate Dr S, Lenoir City, TN, 37771 offers $3,600/mo rent that, after a $2,442/mo payment, leaves $613/mo cash flow. Total monthly income is $3,600/mo, and annual cash flow is $7,360/yr on $165,385 cash. Return on cash invested measures 24.36% in year one, and rental yield stands at 8.66% at a $498,900 entry. Equity gained on principal adds $3,219/yr while 5% annual appreciation compounds into $137,837 by year five. Five-year ROI records 126.45% and total cumulative return in cash reaches $209,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.37 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: Dawn Moats • Smoky Mountain Realty
Mls Name: East Tennessee Realtors
Mls ID: #1316445