1104 N Parkway APT 17JacksonTN38305
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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 Jackson at 1104 N Parkway APT 17, Jackson, TN, 38305 uses $66,267 cash to close to unlock $8,685/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $2,228/mo, and a $978/mo payment keeps the spread at $724/mo. Purchase price stands at $199,900, and rental yield measures 13.37% with $2,228/mo rent. Return on cash invested shows 33.02% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 174.89% and total cumulative return in cash records $115,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,228/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1975
N/A lot
$N/A/sqft
$3,696 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38305, Jackson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,405 (100%) |
| Owner Occupied HU | 14,534 (62.1%) |
| Renter Occupied HU | 7,317 (31.3%) |
| Vacant Housing Units | 1,554 ( 6.6%) |
| Median Home Value | $272,148 |
| Average Home Value | $321,889 |
Housing Distribution
Address Breakdown
Residential
22,756
Single Family
20,306
Multi-Family
2,450
Businesses
2,097
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Listed by: Jodie Parrish • RE/MAX Realty Source
Mls Name: CWTAR
Mls Provider:
Mls ID: #246100
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