502 Ashe AveNew JohnsonvilleTN37134
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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 New Johnsonville at 502 Ashe Ave, New Johnsonville, TN, 37134 with 5% annual appreciation on a $215,000 basis while $960/mo rent supports operations. 41% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 5.36%. Five-year ROI measures 73.12% and total cumulative return in cash totals $52,117. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $960/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37134, New Johnsonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,284 (100%) |
| Owner Occupied HU | 975 (75.9%) |
| Renter Occupied HU | 183 (14.3%) |
| Vacant Housing Units | 126 ( 9.8%) |
| Median Home Value | $202,099 |
| Average Home Value | $254,856 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
80
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Listed by: Shane Foster • Rushton & Co.
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2946450