1016 Grace DrJohnson 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 1016 Grace Dr, Johnson City, TN, 37604 earns $583/mo cash flow from $2,912/mo rent with a $1,904/mo payment. Total monthly income totals $2,912/mo, and annual cash flow totals $7,000/yr on $128,954 capital. ROI tracks 25.34% on current figures, and rental yield reads 8.98% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 131.71% and total cumulative return in cash sums $169,842. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,912/mo property income instead of your personal income.
Single Family
Built in 1973
0.34 Acres 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: Lesley Bowen • The Property Experts JC
Mls Name: TVRMLS
Mls ID: #9976417