96 Olney LnOak RidgeTN37830
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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 Oak Ridge at 96 Olney Ln, Oak Ridge, TN, 37830 generates $1,798/mo in rent and, after a $1,194/mo payment, leaves $338/mo in cash flow. Total monthly income is $1,798/mo, and annual cash flow is $4,052/yr on $80,886 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 8.84% on a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 129.44% and total cumulative return in cash sums $104,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,798/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
0.31 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
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