120 Iris DrJacksonTN38301
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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 Jackson at 120 Iris Dr, Jackson, TN, 38301 priced at $199,900 pairs $1,338/mo rent with $142/mo cash flow after a $978/mo payment. Total monthly income equals $1,338/mo, and annual cash flow comes to $1,701/yr on $66,267 invested. Return on cash invested is 22.48% in year one, and rental yield stands at 8.03% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 116.33% and total cumulative return in cash reaches $77,089. For financing, Ziffy Mortgage’s DSCR program evaluates $1,338/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1946
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38301, Jackson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,053 (100%) |
| Owner Occupied HU | 7,280 (45.3%) |
| Renter Occupied HU | 6,658 (41.5%) |
| Vacant Housing Units | 2,115 (13.2%) |
| Median Home Value | $175,069 |
| Average Home Value | $215,870 |
Housing Distribution
Address Breakdown
Residential
15,086
Single Family
13,952
Multi-Family
1,134
Businesses
1,427
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Listed by: Chris Miller • Crye-Leike Elite
Mls Name: CWTAR
Mls Provider:
Mls ID: #242745
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