1702 Colonial Ridge RdJohnson CityTN37604
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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 1702 Colonial Ridge Rd, Johnson City, TN, 37604 offers a 7.28% rental yield on a $470,000 purchase with $2,852/mo rent. Total monthly income registers $2,852/mo, and a $2,300/mo payment leaves $39/mo available for distribution. Annual cash flow reaches $467/yr on $155,805 to close, and return on cash invested stands at 20.21% in year one. Equity gained on principal adds $3,033/yr while 5% annual appreciation supports $129,852 over five years. Portfolio math shows five-year ROI at 104.17% and total cumulative return in cash at $162,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,852/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37604, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,825 (100%) |
| Owner Occupied HU | 9,345 (47.1%) |
| Renter Occupied HU | 8,864 (44.7%) |
| Vacant Housing Units | 1,616 ( 8.2%) |
| Median Home Value | $275,464 |
| Average Home Value | $313,478 |
Housing Distribution
Address Breakdown
Residential
18,525
Single Family
17,738
Multi-Family
787
Businesses
1,598
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Listed by: Allyson Spencer • Greater Impact Realty Jonesborough
Mls Name: TVRMLS
Mls ID: #9988870