71 Millet LoopJonesboroughTN37659
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 71 Millet Loop, Jonesborough, TN, 37659 priced at $455,000 converts $3,101/mo rent into $377/mo cash flow after a $2,227/mo obligation. Total monthly income equals $3,101/mo, and annual cash flow totals $4,527/yr on $150,833 invested. Return on cash invested prints 22.91% in year one, and rental yield reads 8.18% against a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation compiles into $125,708 by year five. Five-year ROI reaches 118.69% and total cumulative return in cash sums $179,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,101/mo property income covering a $2,227/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,098 sqft 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: Bill Hawk • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9985251