701 Foster DrLenoir 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
Rental property for sale in Lenoir City at 701 Foster Dr, Lenoir City, TN, 37772 generates $2,975/mo in rent and, after a $2,104/mo payment, leaves $402/mo in cash flow. Total monthly income is $2,975/mo, and annual cash flow is $4,820/yr on $142,512 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 8.3% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 120.71% and total cumulative return in cash sums $172,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,975/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.45 Acres 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: Eric Rice • LeConte Realty, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1319613