141 Oscar Banks RdJohnson 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
Rental property for sale in Johnson City at 141 Oscar Banks Rd, Johnson City, TN, 37601 priced at $199,900 pairs $1,466/mo rent with $270/mo cash flow after a $978/mo payment. Total monthly income equals $1,466/mo, and annual cash flow comes to $3,237/yr on $66,267 invested. Return on cash invested is 24.79% in year one, and rental yield stands at 8.8% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 128.75% and total cumulative return in cash reaches $85,321. For financing, Ziffy Mortgage’s DSCR program evaluates $1,466/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.25 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: Kpadeh Muingbeh • NextHome Magnolia Realty
Mls Name: TVRMLS
Mls ID: #9983246