3039 Rocky Springs RdPiney FlatsTN37686
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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 Piney Flats at 3039 Rocky Springs Rd, Piney Flats, TN, 37686 offers a 7.9% rental yield on a $339,999 purchase with $2,237/mo rent. Total monthly income registers $2,237/mo, and a $1,664/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,422/yr on $112,710 to close, and return on cash invested stands at 22.06% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,935 over five years. Portfolio math shows five-year ROI at 114.09% and total cumulative return in cash at $128,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,237/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37686, Piney Flats, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,293 (100%) |
| Owner Occupied HU | 2,969 (69.2%) |
| Renter Occupied HU | 890 (20.7%) |
| Vacant Housing Units | 434 (10.1%) |
| Median Home Value | $341,261 |
| Average Home Value | $382,217 |
Housing Distribution
Address Breakdown
Residential
4,122
Single Family
4,122
Multi-Family
0
Businesses
267
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Listed by: Erica Sell • Greater Impact Realty Jonesborough
Mls Name: TVRMLS
Mls ID: #9986832