566 W Outer DrOak RidgeTN37830
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
Investment property for sale in Oak Ridge at 566 W Outer Dr, Oak Ridge, TN, 37830 uses $65,969 cash to close to unlock $4,653/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $974/mo payment keeps the spread at $388/mo. Purchase price stands at $199,000, and rental yield measures 9.52% with $1,579/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 140.4% and total cumulative return in cash records $92,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37830, Oak Ridge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,965 (100%) |
| Owner Occupied HU | 9,391 (58.8%) |
| Renter Occupied HU | 5,222 (32.7%) |
| Vacant Housing Units | 1,352 ( 8.5%) |
| Median Home Value | $278,924 |
| Average Home Value | $301,190 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
14,382
Multi-Family
1,191
Businesses
1,115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices