2204 Oak StGrayTN37615
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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 2204 Oak St, Gray, TN, 37615 uses $96,102 cash to close to unlock $7,254/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,419/mo payment keeps the spread at $605/mo. Purchase price stands at $289,900, and rental yield measures 9.69% with $2,340/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 143.07% and total cumulative return in cash records $137,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
7,500 sqft 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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