329 7th StLake CityTN37769
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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
Investment property for sale in Lake City at 329 7th St, Lake City, TN, 37769 offers a 9.35% rental yield on a $223,900 purchase with $1,745/mo rent. Total monthly income registers $1,745/mo, and a $1,096/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,855/yr on $74,223 to close, and return on cash invested stands at 26.45% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,859 over five years. Portfolio math shows five-year ROI at 137.67% and total cumulative return in cash at $102,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,745/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1,742 sqft 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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