2425 E Lakeview Dr APT 5Johnson 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
Investment property for sale in Johnson City at 2425 E Lakeview Dr APT 5, Johnson City, TN, 37601 offers a 9.17% rental yield on a $247,300 purchase with $1,889/mo rent. Total monthly income registers $1,889/mo, and a $1,210/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,850/yr on $81,980 to close, and return on cash invested stands at 23.39% in year one. Equity gained on principal adds $1,596/yr while 5% annual appreciation supports $68,324 over five years. Portfolio math shows five-year ROI at 122.15% and total cumulative return in cash at $100,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,889/mo property income against a $1,210/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
1 Acres lot
$N/A/sqft
$160 monthly 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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