120 Mayflower RdJohnson CityTN37601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 120 Mayflower Rd, Johnson City, TN, 37601 with 5% annual appreciation on a $334,750 basis while $2,334/mo rent supports operations. Total monthly income totals $2,334/mo and a $1,638/mo payment preserves $331/mo for cash returns. Annual cash flow comes to $3,967/yr on $110,970 deployed, and return on cash invested reaches 23.48% in year one. Equity gained on principal adds $2,160/yr, and five-year appreciation sums $92,485 alongside rental yield of 8.37%. Five-year ROI measures 121.75% and total cumulative return in cash totals $135,110.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,334/mo property income versus a $1,638/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.54 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Elliott-Wade • Century 21 Legacy
Mls Name: TVRMLS
Mls ID: #9981851
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.