1271 Lemongrass DrJonesboroughTN37659
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Jonesborough at 1271 Lemongrass Dr, Jonesborough, TN, 37659 priced at $339,900 converts $2,844/mo rent into $809/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,844/mo, and annual cash flow totals $9,707/yr on $112,677 invested. Return on cash invested prints 28.52% in year one, and rental yield reads 10.04% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 148.78% and total cumulative return in cash sums $167,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,844/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2020
3,920 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Parlier • Hurd Realty, LLC
Mls Name: TVRMLS
Mls ID: #9983625