1157 Brumit FldsJohnson CityTN37615
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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 1157 Brumit Flds, Johnson City, TN, 37615 uses $259,910 cash to close to unlock $17,405/yr annual cash flow and $1,450/mo monthly cash flow. Total monthly income runs $6,202/mo, and a $3,867/mo payment keeps the spread at $1,450/mo. Purchase price stands at $790,000, and rental yield measures 9.42% with $6,202/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $218,262 over five years. Five-year ROI reaches 139.3% and total cumulative return in cash records $362,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,202/mo property income covering a $3,867/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.40 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37615, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,820 (100%) |
| Owner Occupied HU | 7,429 (68.7%) |
| Renter Occupied HU | 2,625 (24.3%) |
| Vacant Housing Units | 766 ( 7.1%) |
| Median Home Value | $332,604 |
| Average Home Value | $375,584 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
10,358
Multi-Family
568
Businesses
735
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Listed by: Rachel Smith • KW Kingsport
Mls Name: TVRMLS
Mls ID: #9983164
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