106 Salem DrGrayTN37615
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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 Gray at 106 Salem Dr, Gray, TN, 37615 listed at $159,500 pairs $1,259/mo rent with a $781/mo payment to leave $304/mo cash flow. Total monthly income runs $1,259/mo, and annual cash flow reaches $3,647/yr on $52,874 cash to close. Return on cash invested measures 26.81% in year one, and rental yield registers 9.47% at a $159,500 basis. Equity gained on principal adds $1,029/yr, and annual property appreciation at 5% supports $44,067 by year five. Five-year ROI tracks 139.58% and total cumulative return in cash totals $73,801. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,259/mo property income relative to a $781/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37615, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,820 (100%) |
| Owner Occupied HU | 7,429 (68.7%) |
| Renter Occupied HU | 2,625 (24.3%) |
| Vacant Housing Units | 766 ( 7.1%) |
| Median Home Value | $332,604 |
| Average Home Value | $375,584 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
10,358
Multi-Family
568
Businesses
735
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