520 Hales Chapel RdGrayTN37615
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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 Gray at 520 Hales Chapel Rd, Gray, TN, 37615 with 5% annual appreciation on a $330,100 basis while $1,692/mo rent supports operations. 79% in year one. Equity gained on principal adds $2,130/yr, and five-year appreciation sums $91,201 alongside rental yield of 6.15%. Five-year ROI measures 85.87% and total cumulative return in cash totals $93,966. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,692/mo property income versus a $1,616/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2000
4.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37615, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,820 (100%) |
| Owner Occupied HU | 7,429 (68.7%) |
| Renter Occupied HU | 2,625 (24.3%) |
| Vacant Housing Units | 766 ( 7.1%) |
| Median Home Value | $332,604 |
| Average Home Value | $375,584 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
10,358
Multi-Family
568
Businesses
735
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