128 Ridgetop DrJohnson 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 128 Ridgetop Dr, Johnson city, TN, 37615 with 5% annual appreciation on a $1,600,000 basis while $4,330/mo rent supports operations. 53% in year one. Equity gained on principal adds $10,325/yr, and five-year appreciation sums $442,051 alongside rental yield of 3.25%. Five-year ROI measures 36.33% and total cumulative return in cash totals $188,355. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,330/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
3.23 Acres lot
$N/A/sqft
$300 monthly 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: Stan Evans • Evans & Evans Real Estate
Mls Name: TVRMLS
Mls ID: #9978669
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