42 Platinum Ct #42Johnson 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 42 Platinum Ct #42, Johnson City, TN, 37604 uses $106,047 cash to close to unlock $1,077/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $2,005/mo, and a $1,566/mo payment keeps the spread at $90/mo. Purchase price stands at $319,900, and rental yield measures 7.52% with $2,005/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 108.03% and total cumulative return in cash records $114,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,005/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A 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: Felicia Conners • Momentum Group
Mls Name: TVRMLS
Mls ID: #9989641