293 Miller RdJonesboroughTN37659
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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 293 Miller Rd, Jonesborough, TN, 37659 priced at $624,000 converts $2,040/mo rent into after a $3,054/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 10.15% in year one, and rental yield reads 3.92% against a $624,000 entry. Equity gained on principal adds $4,027/yr, while 5% annual appreciation compiles into $172,400 by year five. Five-year ROI reaches 50.21% and total cumulative return in cash sums $103,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $3,054/mo payment, not borrower’s personal income.
Single Family
Built in 1978
5.60 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: Dylan Riddle • Greater Impact Realty Jonesborough
Mls Name: TVRMLS
Mls ID: #9980771
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