576 Highway 70 WLenoir 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 576 Highway 70 W, Lenoir City, TN, 37771 uses $51,349 cash to close to unlock $3,239/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,197/mo, and a $758/mo payment keeps the spread at $270/mo. Purchase price stands at $154,900, and rental yield measures 9.27% with $1,197/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 136.4% and total cumulative return in cash records $70,040. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,197/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.60 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
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Listed by: Ashley Tatum • Webb Properties, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1324885