216 Olde Farm 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
Investment property for sale in Jonesborough at 216 Olde Farm Dr, Jonesborough, TN, 37659 earns from $3,223/mo rent with a $3,500/mo payment. Total monthly income totals $3,223/mo. ROI tracks 14.67% on current figures, and rental yield reads 5.41% at a $715,000 purchase. Equity gained on principal adds $4,614/yr, and 5% annual appreciation supports $197,541 over five years. Five-year ROI reaches 74.43% and total cumulative return in cash sums $175,077. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,223/mo property income instead of your personal income.
Single Family
Built in 2005
0.65 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyra Cortez • RE/MAX Preferred
Mls Name: TVRMLS
Mls ID: #9984657