113 Spirit DrJohnson CityTN37643
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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 113 Spirit Dr, Johnson City, TN, 37643 offers $2,062/mo rent that, after a $1,390/mo payment, leaves $362/mo cash flow. Total monthly income is $2,062/mo, and annual cash flow is $4,344/yr on $94,146 cash. Return on cash invested measures 24.52% in year one, and rental yield stands at 8.71% at a $284,000 entry. Equity gained on principal adds $1,833/yr while 5% annual appreciation compounds into $78,464 by year five. Five-year ROI records 127.3% and total cumulative return in cash reaches $119,849. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,062/mo property income versus a $1,390/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37643, Elizabethton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,445 (100%) |
| Owner Occupied HU | 10,531 (64.0%) |
| Renter Occupied HU | 4,269 (26.0%) |
| Vacant Housing Units | 1,645 (10.0%) |
| Median Home Value | $174,872 |
| Average Home Value | $218,669 |
Housing Distribution
Address Breakdown
Residential
15,600
Single Family
15,474
Multi-Family
126
Businesses
914
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Listed by: Jamie Bowman • Crye-Leike Realtors
Mls Name: TVRMLS
Mls ID: #9984717