Richland Plan, Summit PlaceOak 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 Richland Plan, Summit Place, Oak Ridge, TN, 37830 with 5% annual appreciation on a $440,990 basis while $4,031/mo rent supports operations. Total monthly income totals $4,031/mo and a $2,158/mo payment preserves $1,392/mo for cash returns. Annual cash flow comes to $16,699/yr on $146,188 deployed, and return on cash invested reaches 31.33% in year one. Equity gained on principal adds $2,846/yr, and five-year appreciation sums $121,837 alongside rental yield of 10.97%. Five-year ROI measures 163.83% and total cumulative return in cash totals $239,505.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,031/mo property income versus a $2,158/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A 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
