707 S Cherokee StJonesboroughTN37659
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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 Jonesborough at 707 S Cherokee St, Jonesborough, TN, 37659 offers $3,475/mo rent that, after a $2,203/mo payment, leaves $781/mo cash flow. Total monthly income is $3,475/mo, and annual cash flow is $9,369/yr on $149,175 cash. Return on cash invested measures 26.19% in year one, and rental yield stands at 9.27% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 136.27% and total cumulative return in cash reaches $203,274. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,475/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.50 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: Andrea Pendleton • The Addington Agency Bristol
Mls Name: TVRMLS
Mls ID: #9990690