310 Broadberry AveOak RidgeTN37830
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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 Oak Ridge at 310 Broadberry Ave, Oak Ridge, TN, 37830 priced at $359,900 pairs $2,087/mo rent with after a $1,762/mo payment. Total monthly income equals $2,087/mo. Return on cash invested is 17.58% in year one, and rental yield stands at 6.96% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 90.71% and total cumulative return in cash reaches $108,218. For financing, Ziffy Mortgage’s DSCR program evaluates $2,087/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
2,178 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37830, Oak Ridge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,965 (100%) |
| Owner Occupied HU | 9,391 (58.8%) |
| Renter Occupied HU | 5,222 (32.7%) |
| Vacant Housing Units | 1,352 ( 8.5%) |
| Median Home Value | $278,924 |
| Average Home Value | $301,190 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
14,382
Multi-Family
1,191
Businesses
1,115
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Listed by: Spencer Christensen • Wallace
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1294508
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.