1704 Fairway DrJohnson CityTN37601
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1704 Fairway Dr, Johnson City, TN, 37601 in Johnson City worth modelling. At $559,000 with a 7.28% gross yield, the $3,391/mo rent leaves $45/mo after the $2,650/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.28 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $154,441 by year five; $4,686/yr in principal reduction adds further equity. Total projected return: $203,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.2% |
| Monthly Cash Flow | $45 | $450 |
City averages based on Johnson City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,391 |
| Total Monthly Debt Service | $3,260 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.38 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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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
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Nearby investment properties with comparable prices
Listed by: Mike Butler • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9998129
