505 Wallace StJamestownTN38556
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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
Rental property for sale in Jamestown at 505 Wallace St, Jamestown, TN, 38556 generates $1,246/mo in rent and, after a $611/mo payment, leaves $499/mo in cash flow. Total monthly income is $1,246/mo, and annual cash flow is $5,984/yr on $41,407 invested. Return on cash invested sits at 34.36% in year one, and rental yield is 11.97% on a $124,909 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,510 over five years. Five-year ROI reaches 180.11% and total cumulative return in cash sums $74,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,246/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38556, Jamestown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,872 (100%) |
| Owner Occupied HU | 4,350 (63.3%) |
| Renter Occupied HU | 1,403 (20.4%) |
| Vacant Housing Units | 1,119 (16.3%) |
| Median Home Value | $184,229 |
| Average Home Value | $244,028 |
Housing Distribution
Address Breakdown
Residential
5,792
Single Family
5,752
Multi-Family
40
Businesses
412
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