1447 Lemongrass DrJonesboroughTN37659
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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 Jonesborough at 1447 Lemongrass Dr, Jonesborough, TN, 37659 generates $2,768/mo in rent and, after a $2,151/mo payment, leaves $137/mo in cash flow. Total monthly income is $2,768/mo, and annual cash flow is $1,647/yr on $145,694 invested. Return on cash invested sits at 21.04% in year one, and rental yield is 7.56% on a $439,500 entry. Equity gained on principal adds $2,836/yr, while 5% annual appreciation builds toward $121,426 over five years. Five-year ROI reaches 108.65% and total cumulative return in cash sums $158,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,768/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.42 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: Kym Ward • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9979406
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