350 Kagley Dr LOT H109Lenoir 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 350 Kagley Dr LOT H109, Lenoir City, TN, 37772 uses $64,609 cash to close to unlock $3,831/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,486/mo, and a $954/mo payment keeps the spread at $319/mo. Purchase price stands at $194,900, and rental yield measures 9.15% with $1,486/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 134.44% and total cumulative return in cash records $86,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,486/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 2001
6,098 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: Dawn Moats • Smoky Mountain Realty LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3061609