968 Riddle RdgJonesboroughTN37659
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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 968 Riddle Rdg, Jonesborough, TN, 37659 with 5% annual appreciation on a $410,000 basis while $3,090/mo rent supports operations. Total monthly income totals $3,090/mo and a $2,007/mo payment preserves $635/mo for cash returns. Annual cash flow comes to $7,625/yr on $135,915 deployed, and return on cash invested reaches 25.52% in year one. Equity gained on principal adds $2,646/yr, and five-year appreciation sums $113,275 alongside rental yield of 9.04%. Five-year ROI measures 132.67% and total cumulative return in cash totals $180,323.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,090/mo property income versus a $2,007/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.25 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: Nathan Mitchell • TN Livin Property Solutions
Mls Name: TVRMLS
Mls ID: #9985267