3411 W Walnut StJohnson 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 3411 W Walnut St, Johnson City, TN, 37604 priced at $674,999 pairs $2,940/mo rent with after a $3,304/mo payment. Total monthly income equals $2,940/mo. Return on cash invested is 14.11% in year one, and rental yield stands at 5.23% on a $674,999 basis. Equity gained on principal adds $4,356/yr, and 5% annual appreciation accumulates to $186,490 by year five. Five-year ROI measures 71.47% and total cumulative return in cash reaches $158,714. For financing, Ziffy Mortgage’s DSCR program evaluates $2,940/mo property income against a $3,304/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1965
0.38 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: Matthew McCrory • True North Real Estate
Mls Name: TVRMLS
Mls ID: #9979408