1102 Heritage Ln EJonesboroughTN37659
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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 1102 Heritage Ln E, Jonesborough, TN, 37659 uses $129,285 cash to close to unlock $4,023/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $2,670/mo, and a $1,909/mo payment keeps the spread at $335/mo. Purchase price stands at $390,000, and rental yield measures 8.22% with $2,670/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 119.28% and total cumulative return in cash records $154,208. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,670/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1995
1.24 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: Kelly West • Summit Properties
Mls Name: TVRMLS
Mls ID: #9984385
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