1367 Milligan HwyJohnson 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 1367 Milligan Hwy, Johnson City, TN, 37601 uses $107,738 cash to close to unlock $2,907/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,591/mo payment keeps the spread at $242/mo. Purchase price stands at $325,000, and rental yield measures 8.08% with $2,188/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 117.09% and total cumulative return in cash records $126,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.41 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
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Listed by: Lynnea Bowman • Lantern Real Estate
Mls Name: TVRMLS
Mls ID: #9982541