397 Independence DrJefferson CityTN37760
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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 Jefferson City at 397 Independence Dr, Jefferson City, TN, 37760 listed at $590,000 pairs $2,958/mo rent with a $2,888/mo payment. Total monthly income runs $2,958/mo. Return on cash invested measures 16.51% in year one, and rental yield registers 6.02% at a $590,000 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $163,006 by year five. Five-year ROI tracks 84.32% and total cumulative return in cash totals $163,672. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,958/mo property income relative to a $2,888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37760, Jefferson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,270 (100%) |
| Owner Occupied HU | 3,622 (57.8%) |
| Renter Occupied HU | 1,975 (31.5%) |
| Vacant Housing Units | 673 (10.7%) |
| Median Home Value | $236,678 |
| Average Home Value | $279,691 |
Housing Distribution
Address Breakdown
Residential
5,842
Single Family
5,670
Multi-Family
172
Businesses
543
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Listed by: Chad F. Long • The Home Team Real Estate Company
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #708051
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.