823 Hales Chapel 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
Investment property for sale in Gray at 823 Hales Chapel Rd, Gray, TN, 37615 offers a 6.93% rental yield on a $779,900 purchase with $4,501/mo rent. 2% in year one. Equity gained on principal adds $5,033/yr while 5% annual appreciation supports $215,472 over five years. Portfolio math shows five-year ROI at 98.76% and total cumulative return in cash at $253,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,501/mo property income against a $3,817/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.68 Acres lot
$N/A/sqft
$200 annually 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: John L. Lee • Crye-Leike Realtors
Mls Name: TVRMLS
Mls ID: #9983557
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