344 Rockingham RdGrayTN37615
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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 344 Rockingham Rd, Gray, TN, 37615 offers a 7.6% rental yield on a $249,000 purchase with $1,578/mo rent. Total monthly income registers $1,578/mo, and a $1,219/mo payment leaves $87/mo available for distribution. Annual cash flow reaches $1,046/yr on $82,544 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 109.42% and total cumulative return in cash at $90,320. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,578/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.58 Acres 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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Listed by: Landon Morrison • RE/MAX Preferred
Mls Name: TVRMLS
Mls ID: #9982978
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