304 N Gilmer ParkJohnson 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
Rental property for sale in Johnson City at 304 N Gilmer Park, Johnson City, TN, 37604 generates $2,191/mo in rent, after a $2,104/mo payment. Total monthly income is $2,191/mo. Return on cash invested sits at 16.69% in year one, and rental yield is 6.12% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 85.31% and total cumulative return in cash sums $121,579. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,191/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.41 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: Kym Ward • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9983671