3353 Forest Heights CirLenoir 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 3353 Forest Heights Cir, Lenoir City, TN, 37772 listed at $279,000 pairs $1,491/mo rent with a $1,366/mo payment. Total monthly income runs $1,491/mo. Return on cash invested measures 17.58% in year one, and rental yield registers 6.41% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 90.1% and total cumulative return in cash totals $83,335. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,491/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
0.43 Acres 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: Heather Wooten • eXp Realty, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1325693