692 Oak Grove 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
Rental property for sale in Gray at 692 Oak Grove Rd, Gray, TN, 37615 generates $2,336/mo in rent and, after a $1,248/mo payment, leaves $800/mo in cash flow. Total monthly income is $2,336/mo, and annual cash flow is $9,596/yr on $84,533 invested. Return on cash invested sits at 31.26% in year one, and rental yield is 10.99% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 163.52% and total cumulative return in cash sums $138,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,336/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
0.34 Acres lot
$N/A/sqft
$10 monthly 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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Listed by: Brad Workman • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9982811
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