201 Old Eblen Rd · Lenoir City, TN 37771

$185,000

3 bd · 2.0 ba · 1,960 sqft · Manufactured public records · 60 Days on market

Built 1996 0.82 ac lot Est $310k · 40% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +5.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This one isn’t perfect, and that’s kind of the point. If you’ve been waiting for something you can truly make your own, this might be it. There’s space here to dream a little and put your personal touch on it. With 3 bedrooms, 2 bathrooms, and 1,960 square feet all on one level, the layout already gives you a solid starting point. It has an open concept feel with an eat-in kitchen and a separate dining area, so there’s room to gather, host, or just spread out a bit. The primary bedroom includes its own en suite bathroom with double vanity sinks and a large soaking tub, ready to be turned into a space you actually enjoy at the end of the day. You’ll also find a separate utility room, a covered front porch, and a covered back deck that looks out over a .82 acre lot. It sits on a permanent foundation and has the kind of bones that make you stop and think about what it could be, not just what it is right now. Cash or conventional only.

Key facts

• En suite bathroom
• Large soaking tub
• Open concept

Tags

• OPEN CONCEPT
• EAT-IN KITCHEN
• SEPARATE DINING AREA
• EN SUITE BATHROOM
• DOUBLE VANITY SINKS
• LARGE SOAKING TUB

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $185k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $179k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 2.9% in Lenoir City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#221 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, employment D, amenities F.
• Roane County (town): math 30% / reading 29% proficiency, ranked #64 of 139 in TN (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 148 active listings in the ZIP; 229 units permitted in Roane County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Roane County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; list at $185k implies a 68% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 8.72%
• Cash-on-cash: 8.67%
• DSCR: 1.39
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $309,680
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
171 Old Eblen Rd	0.12mi	3/2.0	1,904 (-3%)	16mo	$299,900	$158	76

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-6,203
• Equity at exit: $27,584

10-year hold

• IRR: 6.5%
• Equity multiple: 1.48×
• Total profit: $25,016
• Equity at exit: $15,995

Cash invested: $51,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37771

• Home prices YoY: -14.6%
• Active inventory: 148
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,888 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$70 /mo · $836/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $374

Break-even live

Break-even rent $1,414

Max offer price $185,000

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-10
   days on market $185,000 Active 60 DOM
2. 2026-06-09
   days on market $185,000 Active 59 DOM
3. 2026-06-08
   days on market $185,000 Active 58 DOM
4. 2026-06-07
   days on market $185,000 Active 57 DOM
5. 2026-06-03
   days on market $185,000 Active 53 DOM
6. 2026-06-02
   days on market $185,000 Active 52 DOM
7. 2026-06-01
   days on market $185,000 Active 51 DOM
8. 2026-05-31
   days on market $185,000 Active 50 DOM
9. 2026-05-31
   days on market $185,000 Active 49 DOM
10. 2026-05-12
    price $195,000 981-char remark

    Show marketing remark (981 chars)

    This one isn’t perfect, and that’s kind of the point. If you’ve been waiting for something you can truly make your own, this might be it. There’s space here to dream a little and put your personal touch on it. With 3 bedrooms, 2 bathrooms, and 1,960 square feet all on one level, the layout already gives you a solid starting point. It has an open concept feel with an eat-in kitchen and a separate dining area, so there’s room to gather, host, or just spread out a bit. The primary bedroom includes its own en suite bathroom with double vanity sinks and a large soaking tub, ready to be turned into a space you actually enjoy at the end of the day. You’ll also find a separate utility room, a covered front porch, and a covered back deck that looks out over a .82 acre lot. It sits on a permanent foundation and has the kind of bones that make you stop and think about what it could be, not just what it is right now. Cash or conventional only.

11. 2026-04-23
    price $199,000 981-char remark

    Show marketing remark (981 chars)

    This one isn’t perfect, and that’s kind of the point. If you’ve been waiting for something you can truly make your own, this might be it. There’s space here to dream a little and put your personal touch on it. With 3 bedrooms, 2 bathrooms, and 1,960 square feet all on one level, the layout already gives you a solid starting point. It has an open concept feel with an eat-in kitchen and a separate dining area, so there’s room to gather, host, or just spread out a bit. The primary bedroom includes its own en suite bathroom with double vanity sinks and a large soaking tub, ready to be turned into a space you actually enjoy at the end of the day. You’ll also find a separate utility room, a covered front porch, and a covered back deck that looks out over a .82 acre lot. It sits on a permanent foundation and has the kind of bones that make you stop and think about what it could be, not just what it is right now. Cash or conventional only.

12. 2026-04-11
    listed $215,000 Active 981-char remark

    Show marketing remark (981 chars)

    This one isn’t perfect, and that’s kind of the point. If you’ve been waiting for something you can truly make your own, this might be it. There’s space here to dream a little and put your personal touch on it. With 3 bedrooms, 2 bathrooms, and 1,960 square feet all on one level, the layout already gives you a solid starting point. It has an open concept feel with an eat-in kitchen and a separate dining area, so there’s room to gather, host, or just spread out a bit. The primary bedroom includes its own en suite bathroom with double vanity sinks and a large soaking tub, ready to be turned into a space you actually enjoy at the end of the day. You’ll also find a separate utility room, a covered front porch, and a covered back deck that looks out over a .82 acre lot. It sits on a permanent foundation and has the kind of bones that make you stop and think about what it could be, not just what it is right now. Cash or conventional only.

13. 2018-04-13
    soldstatus $110,000
14. 2018-03-22
    soldstatus $109,900 Closed 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

15. 2018-03-22
    soldstatus $109,900

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

16. 2018-02-01
    historical Pending - Continue to Show - Financing 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

17. 2018-01-09
    status Active 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

18. 2017-12-14
    historical Pending - Continue to Show - Financing 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

19. 2017-11-30
    status Active 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

20. 2017-11-30
    price $109,900 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

21. 2017-11-15
    historical Pending - Continue to Show 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

22. 2017-10-20
    listed $119,000 Active 243-char remark

    Show marketing remark (243 chars)

    Immaculate, move in ready home.Updates offer roof,windows and HVAC. Spacious home has 3 bedrooms and two full baths. Open floor plan with split bedrooms. Covered front porch ad back deck.Country setting ,but minutes to shopping and interstate.

23. 1999-11-29
    soldstatus $16,000
24. 1996-06-07
    soldstatus $12,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $836 · $70/mo
• Projected year-2 tax: $1,314 · $109/mo
• Expected delta: +$478/yr (+$40/mo · 57.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 6 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,653
• − Mortgage interest: −$10,363
• − Property taxes: −$836
• − Insurance: −$925
• − Repairs & maintenance: −$1,812
• − Management: −$1,812
• − Depreciation: −$5,382
• Taxable income: $1,523
• Est. tax owed @ 24.0%: −$365
• After-tax cash flow: $4,127/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Roane County
• NCES district ID: 4703590
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 29% ▼ -7.00%
• Median HH income: $41,611
• Composite: 25.0/100
• National rank: #7557
• State rank: #64 of 139 in TN

Livability — Lenoir City

• Score: 62/100
• State rank: #221
• US rank: #16577

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment D Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Loudon County · 54,472 people
• City population: 32,688
• Metro: Knoxville, TN
• Population (ZIP): 18,042
• Household income: $66,938
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 458.0

Population outlook (Roane County) Hauer SSP2

• Today (2025): 49,652 people
• By 2030: 47,648 · -4.0%
• By 2040: 43,306 · -12.8%
• By 2050: 39,294 · -20.9%
• By 2075: 32,318 · -34.9%
• By 2100: 27,137 · -45.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 15% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Serbian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 9% Other Indo-European 1%

Political lean MEDSL · Roane

• 2024 margin: Solid R (+54.5) · D 22.1% · R 76.7% · Other 1.2%
• 2008→2024 swing: -18.3pp toward R · 2008: -36.2pp · 2024: -54.5pp
• All cycles: 2024: R+54.5 2020: R+50.9 2016: R+51.1 2012: R+41.3 2008: R+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.66%
• Current HPI: 350.3849
• Rent YoY: —
• Metro: Knoxville, TN
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+1525.0% since first listed

15 events — show timeline

• 2026-05-12 Price Changed $195,000 REALTRACS as Distributed by MLS Grid
• 2026-04-23 Price Changed $199,000 REALTRACS as Distributed by MLS Grid
• 2026-04-11 Listed $215,000 REALTRACS as Distributed by MLS Grid
• 2018-04-13 Sold (Public Records) $110,000 Public Records
• 2018-03-22 Sold (MLS) $109,900 REALTRACS as Distributed by MLS Grid
• 2018-03-22 Sold (MLS) $109,900 Knoxville MLS
• 2018-02-01 Contingent — Knoxville MLS
• 2018-01-09 Relisted — Knoxville MLS
• 2017-12-14 Contingent — Knoxville MLS
• 2017-11-30 Relisted — Knoxville MLS
• 2017-11-30 Price Changed $109,900 Knoxville MLS
• 2017-11-15 Contingent — Knoxville MLS
• 2017-10-20 Listed $119,000 Knoxville MLS
• 1999-11-29 Sold (Public Records) $16,000 Public Records
• 1996-06-07 Sold (Public Records) $12,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $836 · +45.4% YoY. Source: county tax records.