344 Olympic DrLenoir CityTN37771
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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 344 Olympic Dr, Lenoir City, TN, 37771 listed at $505,000 pairs $2,160/mo rent with a $2,472/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 13.83% in year one, and rental yield registers 5.13% at a $505,000 basis. Equity gained on principal adds $3,259/yr, and annual property appreciation at 5% supports $139,522 by year five. Five-year ROI tracks 69.93% and total cumulative return in cash totals $116,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $2,472/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37771, Lenoir City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,195 (100%) |
| Owner Occupied HU | 5,374 (65.6%) |
| Renter Occupied HU | 2,228 (27.2%) |
| Vacant Housing Units | 593 ( 7.2%) |
| Median Home Value | $265,872 |
| Average Home Value | $302,637 |
Housing Distribution
Address Breakdown
Residential
7,833
Single Family
7,419
Multi-Family
414
Businesses
733
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Listed by: Michelle Taylor • Kelly Right Real Estate of Tennessee, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1321719