495 Oak Grove RdJohnson CityTN37615
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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 495 Oak Grove Rd, Johnson City, TN, 37615 at $1,049,000 posts ROI 6.46% with from $2,340/mo rent. Total monthly income equals $2,340/mo. Return on cash invested measures 6.46% and rental yield reads 2.68% at the current $1,049,000. Equity gained on principal adds $6,769/yr, and 5% annual appreciation supports $289,819 by year five. Five-year ROI prints 30.36% and total cumulative return in cash totals $103,180. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
4.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37615, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,820 (100%) |
| Owner Occupied HU | 7,429 (68.7%) |
| Renter Occupied HU | 2,625 (24.3%) |
| Vacant Housing Units | 766 ( 7.1%) |
| Median Home Value | $332,604 |
| Average Home Value | $375,584 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
10,358
Multi-Family
568
Businesses
735
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Listed by: Matt Lorencen • Foundation Realty Group
Mls Name: TVRMLS
Mls ID: #9985794