515 Carrington BlvdLenoir CityTN37771
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lenoir City at 515 Carrington Blvd, Lenoir City, TN, 37771 priced at $494,900 pairs $2,160/mo rent with after a $2,422/mo payment. Total monthly income equals $2,160/mo. Return on cash invested is 14.04% in year one, and rental yield stands at 5.24% on a $494,900 basis. Equity gained on principal adds $3,194/yr, and 5% annual appreciation accumulates to $136,732 by year five. Five-year ROI measures 71.11% and total cumulative return in cash reaches $116,667. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $2,422/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.41 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Beth Wilson • Coldwell Banker Nelson Realtor
Mls Name: East Tennessee Realtors
Mls ID: #1320887