1394 Prospects WayGrayTN37615
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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 Gray at 1394 Prospects Way, Gray, TN, 37615 listed at $604,600 pairs $3,612/mo rent with a $2,959/mo payment. Total monthly income runs $3,612/mo. Return on cash invested measures 20.02% in year one, and rental yield registers 7.17% at a $604,600 basis. Equity gained on principal adds $3,901/yr, and annual property appreciation at 5% supports $167,040 by year five. Five-year ROI tracks 103.11% and total cumulative return in cash totals $205,108. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,612/mo property income relative to a $2,959/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
0.75 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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