610 Magnolia Ridge DrJonesboroughTN37659
Nearby investment properties with comparable rents
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 610 Magnolia Ridge Dr, Jonesborough, TN, 37659 priced at $1,689,000 pairs $7,619/mo rent with after a $8,267/mo payment. Total monthly income equals $7,619/mo. Return on cash invested is 14.91% in year one, and rental yield stands at 5.41% on a $1,689,000 basis. Equity gained on principal adds $10,899/yr, and 5% annual appreciation accumulates to $466,640 by year five. Five-year ROI measures 75.65% and total cumulative return in cash reaches $413,962. For financing, Ziffy Mortgage’s DSCR program evaluates $7,619/mo property income against a $8,267/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
1.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harold Ross • The Property Experts JC
Mls Name: TVRMLS
Mls ID: #9986032