38 Lakeshore Ln UNIT 47CrossvilleTN38558
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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
Rental property for sale in Crossville at 38 Lakeshore Ln UNIT 47, Crossville, TN, 38558 generates $1,980/mo in rent and, after a $1,052/mo payment, leaves $693/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $8,319/yr on $71,273 invested. Return on cash invested sits at 31.58% in year one, and rental yield is 11.05% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 165.2% and total cumulative return in cash sums $117,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38558, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,862 (100%) |
| Owner Occupied HU | 4,606 (78.6%) |
| Renter Occupied HU | 511 ( 8.7%) |
| Vacant Housing Units | 745 (12.7%) |
| Median Home Value | $349,686 |
| Average Home Value | $405,264 |
Housing Distribution
Address Breakdown
Residential
5,740
Single Family
5,524
Multi-Family
216
Businesses
87
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Listed by: Maggie McHugh • Better Homes and Garden Real Estate Gwin Realty
Mls Name: East Tennessee Realtors
Mls ID: #1326280