204 Johnston AveBristolTN37620
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 Bristol at 204 Johnston Ave, Bristol, TN, 37620 uses $65,969 cash to close to unlock $9,465/yr annual cash flow and $789/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $974/mo payment keeps the spread at $789/mo. Purchase price stands at $199,000, and rental yield measures 11.94% with $1,980/mo rent. Return on cash invested shows 34.26% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 179.51% and total cumulative return in cash records $118,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37620, Bristol, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,823 (100%) |
| Owner Occupied HU | 12,091 (64.2%) |
| Renter Occupied HU | 4,843 (25.7%) |
| Vacant Housing Units | 1,889 (10.0%) |
| Median Home Value | $251,361 |
| Average Home Value | $267,384 |
Housing Distribution
Address Breakdown
Residential
18,197
Single Family
17,543
Multi-Family
654
Businesses
1,339
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Kellner • Bridge Pointe Real Estate Jonesborough
Mls Name: TVRMLS
Mls ID: #9986801
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.