2801 Oak Grove RdRocky TopTN37769
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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 Rocky Top at 2801 Oak Grove Rd, Rocky Top, TN, 37769 generates $1,642/mo in rent and, after a $1,101/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,642/mo, and annual cash flow is $3,546/yr on $74,557 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 8.76% on a $224,909 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,138 over five years. Five-year ROI reaches 128.11% and total cumulative return in cash sums $95,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,642/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37769, Lake City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,726 (63.0%) |
| Renter Occupied HU | 707 (25.8%) |
| Vacant Housing Units | 307 (11.2%) |
| Median Home Value | $316,915 |
| Average Home Value | $337,371 |
Housing Distribution
Address Breakdown
Residential
2,294
Single Family
2,249
Multi-Family
45
Businesses
139
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