1701 E Millard StJohnson 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 1701 E Millard St, Johnson City, TN, 37601 generates $1,520/mo in rent, after a $1,713/mo payment. Total monthly income is $1,520/mo. Return on cash invested sits at 13.96% in year one, and rental yield is 5.21% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 70.66% and total cumulative return in cash sums $81,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
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: Scott Smith • RE/MAX Preferred
Mls Name: TVRMLS
Mls ID: #9987959