374 Bill Bennett RdJohnson 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
Investment property for sale in Johnson City at 374 Bill Bennett Rd, Johnson City, TN, 37604 uses $46,377 cash to close to unlock $5,739/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,316/mo, and a $685/mo payment keeps the spread at $478/mo. Purchase price stands at $139,900, and rental yield measures 11.29% with $1,316/mo rent. Return on cash invested shows 32.28% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 169.02% and total cumulative return in cash records $78,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,316/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
0.50 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: Maria Aramburu • NextHome Magnolia Realty
Mls Name: TVRMLS
Mls ID: #9989924