1017 Harmony RdJonesboroughTN37659
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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 Jonesborough at 1017 Harmony Rd, Jonesborough, TN, 37659 offers a 9.03% rental yield on a $462,000 purchase with $3,475/mo rent. Total monthly income registers $3,475/mo, and a $2,261/mo payment leaves $710/mo available for distribution. Annual cash flow reaches $8,516/yr on $153,153 to close, and return on cash invested stands at 25.47% in year one. Equity gained on principal adds $2,981/yr while 5% annual appreciation supports $127,642 over five years. Portfolio math shows five-year ROI at 132.4% and total cumulative return in cash at $202,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,475/mo property income against a $2,261/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37659, Jonesborough, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,559 (100%) |
| Owner Occupied HU | 10,481 (77.3%) |
| Renter Occupied HU | 2,122 (15.7%) |
| Vacant Housing Units | 956 ( 7.1%) |
| Median Home Value | $339,111 |
| Average Home Value | $421,775 |
Housing Distribution
Address Breakdown
Residential
13,286
Single Family
13,212
Multi-Family
74
Businesses
533
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Listed by: Joana Glovier • Momentum Group
Mls Name: TVRMLS
Mls ID: #9988487