568 Gray Station Rd APT 8Johnson 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 568 Gray Station Rd APT 8, Johnson City, TN, 37615 earns $285/mo cash flow from $1,243/mo rent with a $783/mo payment. Total monthly income totals $1,243/mo, and annual cash flow totals $3,425/yr on $53,007 capital. ROI tracks 26.37% on current figures, and rental yield reads 9.33% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 137.29% and total cumulative return in cash sums $72,774. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,243/mo property income instead of your personal income.
Condo
Built in 2004
N/A 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: Caleb Anderson • Foundation Realty Group
Mls Name: TVRMLS
Mls ID: #9983913