721 Double Springs RdJonesboroughTN37659
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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 Jonesborough at 721 Double Springs Rd, Jonesborough, TN, 37659 listed at $335,000 pairs $2,020/mo rent with a $1,640/mo payment to leave $14/mo cash flow. Total monthly income runs $2,020/mo, and annual cash flow reaches $171/yr on $111,053 cash to close. Return on cash invested measures 20.06% in year one, and rental yield registers 7.24% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 103.44% and total cumulative return in cash totals $114,872. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,020/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
2.50 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: George Coates • Arbella Properties JC
Mls Name: TVRMLS
Mls ID: #9989667