115 Beechnut St APT A10Johnson CityTN37601
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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 115 Beechnut St APT A10, Johnson City, TN, 37601 uses $36,465 cash to close to unlock $10,811/yr annual cash flow and $901/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $538/mo payment keeps the spread at $901/mo. Purchase price stands at $110,000, and rental yield measures 17.01% with $1,559/mo rent. Return on cash invested shows 49.56% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 261.55% and total cumulative return in cash records $95,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37601, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 9,560 (51.3%) |
| Renter Occupied HU | 7,226 (38.8%) |
| Vacant Housing Units | 1,850 ( 9.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $283,480 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
16,775
Multi-Family
881
Businesses
1,516
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Listed by: Clifford Pierce • The Wilson Agency
Mls Name: TVRMLS
Mls ID: #9989492