152 Gray Station Rd APT 41Johnson CityTN37615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 152 Gray Station Rd APT 41, Johnson City, TN, 37615 earns $250/mo cash flow from $1,237/mo rent with a $807/mo payment. Total monthly income totals $1,237/mo, and annual cash flow totals $3,000/yr on $54,664 capital. ROI tracks 25.4% on current figures, and rental yield reads 9% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 131.96% and total cumulative return in cash sums $72,136. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,237/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Breanna Smith • Copper Key Properties
Mls Name: TVRMLS
Mls ID: #9985128