330 Martel RdLenoir CityTN37772
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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 Lenoir City at 330 Martel Rd, Lenoir City, TN, 37772 listed at $299,700 pairs $2,640/mo rent with a $1,467/mo payment to leave $846/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $10,150/yr on $99,351 cash to close. Return on cash invested measures 30.13% in year one, and rental yield registers 10.57% at a $299,700 basis. Equity gained on principal adds $1,934/yr, and annual property appreciation at 5% supports $82,802 by year five. Five-year ROI tracks 157.35% and total cumulative return in cash totals $156,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,467/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37772, Lenoir City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,270 (100%) |
| Owner Occupied HU | 4,922 (78.5%) |
| Renter Occupied HU | 962 (15.3%) |
| Vacant Housing Units | 386 ( 6.2%) |
| Median Home Value | $423,321 |
| Average Home Value | $503,598 |
Housing Distribution
Address Breakdown
Residential
6,462
Single Family
6,452
Multi-Family
10
Businesses
265
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Listed by: Megan Piper • Realty Executives Associates
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1291907
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.