301 Billy Ridge Rd

Jamestown, TN 38556
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3 bd, 2 ba | 1,921 sqft | Built in 2004

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List Price
$260,000

Initial Investment

$70,850

Purchase Price

$260,000

Down Payment

25%

Rent

$940

Total Return

$67,737

Annualized Return

12.7%

Cap Rate

2.9%

Gross Yield

4.3%

Cash Flow

-$7,041

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

46,173

HOA

None

Flood Risk

Not Required

This 3 bedroom, 2 bath home on 1 picturesque acre of land overlooks a stocked pond with wide mouth bass and blue gill. The main level has 2 bedrooms, a full bath, kitchen, living and dining room. The lower level complete with a bedroom, hobby room, full bath, family room and storm shelter, offers additional living space and utility for family and guests. Metal roof, vinyl siding, new windows and 1-yr new hot water heater add to the maintenance free living. The stocked pond adds a touch of serenity, perfect for enjoying a morning coffee while taking in the peaceful scenery from the back deck. The landscaped paths around the pond provide an opportunity for leisurely walks and appreciation of the natural beauty. The long covered front porch is a charming feature that adds to the inviting atmosphere of the home. The storage building with a greenhouse in the backyard is a bons for those with a green thumb or anyone looking to pursue gardening hobbies. Overall, this property is a wonderful retreat for those seeking tranquility, wildlife and the joys of country living.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$10,716

Expenses

-$2,522

Property Taxes

-$1,100

Loan Payments

-$14,135

Net Cash Flow

-$7,041

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Liz Musial
Agent License 350707
Better Homes and Garden Real Estate Gwin Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceKnoxville, TN
MLS #1256958
Last Updated: 03/25/2024 12:03
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