1120 Skyline Dr APT 6Johnson 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 1120 Skyline Dr APT 6, Johnson City, TN, 37604 uses $89,174 cash to close to unlock $2,896/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $1,317/mo payment keeps the spread at $241/mo. Purchase price stands at $269,000, and rental yield measures 8.26% with $1,852/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash records $107,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A 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: Jim Griffin • LPT Realty - Griffin Home Group
Mls Name: TVRMLS
Mls ID: #9985618