6 Windridge Ct #6Johnson CityTN37601
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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 6 Windridge Ct #6, Johnson City, TN, 37601 priced at $249,900 converts $1,687/mo rent into $191/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,687/mo, and annual cash flow totals $2,294/yr on $82,842 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.1% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 117.47% and total cumulative return in cash sums $97,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,687/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37601, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 9,560 (51.3%) |
| Renter Occupied HU | 7,226 (38.8%) |
| Vacant Housing Units | 1,850 ( 9.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $283,480 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
16,775
Multi-Family
881
Businesses
1,516
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Listed by: Grant Honeycutt • Hurd Realty, LLC
Mls Name: TVRMLS
Mls ID: #9986245