115 Ramsey 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
Rental property for sale in Gray at 115 Ramsey Dr, Gray, TN, 37615 priced at $117,000 converts $1,764/mo rent into $1,063/mo cash flow after a $573/mo obligation. Total monthly income equals $1,764/mo, and annual cash flow totals $12,759/yr on $38,786 invested. Return on cash invested prints 52.81% in year one, and rental yield reads 18.09% against a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation compiles into $32,325 by year five. Five-year ROI reaches 279.11% and total cumulative return in cash sums $108,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,764/mo property income covering a $573/mo payment, not borrower’s personal income.
Manufactured
Built in 1993
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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Listed by: Lauren Martin • Greater Impact Realty Kingsport
Mls Name: TVRMLS
Mls ID: #9986725
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