508 Summit DrJonesboroughTN37659
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Nearby investment properties with comparable prices
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 Jonesborough at 508 Summit Dr, Jonesborough, TN, 37659 priced at $299,999 pairs $2,642/mo rent with $847/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,642/mo, and annual cash flow comes to $10,158/yr on $99,450 invested. Return on cash invested is 30.12% in year one, and rental yield stands at 10.57% on a $299,999 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 157.36% and total cumulative return in cash reaches $156,492. For financing, Ziffy Mortgage’s DSCR program evaluates $2,642/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37659, Jonesborough, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,559 (100%) |
| Owner Occupied HU | 10,481 (77.3%) |
| Renter Occupied HU | 2,122 (15.7%) |
| Vacant Housing Units | 956 ( 7.1%) |
| Median Home Value | $339,111 |
| Average Home Value | $421,775 |
Housing Distribution
Address Breakdown
Residential
13,286
Single Family
13,212
Multi-Family
74
Businesses
533
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Listed by: Lisa Gilchrist • Copper Key Properties
Mls Name: TVRMLS
Mls ID: #9983970