120 Presnell DrJohnson 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 120 Presnell Dr, Johnson City, TN, 37604 with 5% annual appreciation on a $319,000 basis while $2,969/mo rent supports operations. Total monthly income totals $2,969/mo and a $1,561/mo payment preserves $1,060/mo for cash returns. Annual cash flow comes to $12,717/yr on $105,749 deployed, and return on cash invested reaches 31.93% in year one. Equity gained on principal adds $2,058/yr, and five-year appreciation sums $88,134 alongside rental yield of 11.17%. Five-year ROI measures 167.06% and total cumulative return in cash totals $176,665.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,969/mo property income versus a $1,561/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
0.35 Acres 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: Brian Parlier • Hurd Realty, LLC
Mls Name: TVRMLS
Mls ID: #9985641