396 Jonesboro Rd UNIT 1Piney 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 396 Jonesboro Rd UNIT 1, Piney Flats, TN, 37686 listed at $229,000 pairs $2,099/mo rent with a $1,121/mo payment to leave $728/mo cash flow. Total monthly income runs $2,099/mo, and annual cash flow reaches $8,736/yr on $75,914 cash to close. Return on cash invested measures 31.42% in year one, and rental yield registers 11% at a $229,000 basis. Equity gained on principal adds $1,478/yr, and annual property appreciation at 5% supports $63,268 by year five. Five-year ROI tracks 164.36% and total cumulative return in cash totals $124,769. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,099/mo property income relative to a $1,121/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
0.35 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: Rebecca Rideout • Arbella Properties Gville
Mls Name: TVRMLS
Mls ID: #9987665