102 Claude Simmons RdJohnson 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
Rental property for sale in Johnson City at 102 Claude Simmons Rd, Johnson City, TN, 37604 priced at $1,199,000 converts $1,588/mo rent into after a $5,869/mo obligation. Total monthly income equals $1,588/mo. Return on cash invested prints 3.1% in year one, and rental yield reads 1.59% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 12.36% and total cumulative return in cash sums $48,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,588/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
5.21 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: Robin Smith • KW Kingsport
Mls Name: TVRMLS
Mls ID: #9989693