111 Forester LnJonesboroughTN37659
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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 111 Forester Ln, Jonesborough, TN, 37659 with 5% annual appreciation on a $150,000 basis while $1,909/mo rent supports operations. Total monthly income totals $1,909/mo and a $734/mo payment preserves $1,011/mo for cash returns. Annual cash flow comes to $12,135/yr on $49,725 deployed, and return on cash invested reaches 44.31% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 15.27%. Five-year ROI measures 233.54% and total cumulative return in cash totals $116,130.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,909/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2004
1.76 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: Donna Lampkins • KW Kingsport
Mls Name: TVRMLS
Mls ID: #9987801