321 Devonshire AveJohnson CityTN37601
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
Rental property for sale in Johnson City at 321 Devonshire Ave, Johnson City, TN, 37601 offers $2,761/mo rent that, after a $1,759/mo payment, leaves $529/mo cash flow. Total monthly income is $2,761/mo, and annual cash flow is $6,351/yr on $119,141 cash. Return on cash invested measures 25.24% in year one, and rental yield stands at 9.22% at a $359,400 entry. Equity gained on principal adds $2,319/yr while 5% annual appreciation compounds into $99,296 by year five. Five-year ROI records 131.48% and total cumulative return in cash reaches $156,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,761/mo property income versus a $1,759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
5,227 sqft lot
$N/A/sqft
$60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A