1201 E 8th Ave APT 4JOHNSON 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 1201 E 8th Ave APT 4, JOHNSON CITY, TN, 37601 offers a 8.91% rental yield on a $229,000 purchase with $1,701/mo rent. Total monthly income registers $1,701/mo, and a $1,121/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,960/yr on $75,914 to close, and return on cash invested stands at 25.13% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 130.62% and total cumulative return in cash at $99,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,701/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
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: Kathy White • Century 21 Legacy
Mls Name: TVRMLS
Mls ID: #9984997