1007 Spring StJohnson CityTN37604
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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 Johnson City at 1007 Spring St, Johnson City, TN, 37604 listed at $359,500 pairs $2,446/mo rent with a $1,760/mo payment to leave $294/mo cash flow. Total monthly income runs $2,446/mo, and annual cash flow reaches $3,523/yr on $119,174 cash to close. Return on cash invested measures 22.86% in year one, and rental yield registers 8.16% at a $359,500 basis. Equity gained on principal adds $2,320/yr, and annual property appreciation at 5% supports $99,323 by year five. Five-year ROI tracks 118.44% and total cumulative return in cash totals $141,152. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,446/mo property income relative to a $1,760/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37604, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,825 (100%) |
| Owner Occupied HU | 9,345 (47.1%) |
| Renter Occupied HU | 8,864 (44.7%) |
| Vacant Housing Units | 1,616 ( 8.2%) |
| Median Home Value | $275,464 |
| Average Home Value | $313,478 |
Housing Distribution
Address Breakdown
Residential
18,525
Single Family
17,738
Multi-Family
787
Businesses
1,598
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Listed by: Corey Tittle • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9990015