609 Hamilton StJohnson 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
Rental property for sale in Johnson City at 609 Hamilton St, Johnson City, TN, 37604 offers $1,518/mo rent that, after a $881/mo payment, leaves $441/mo cash flow. Total monthly income is $1,518/mo, and annual cash flow is $5,286/yr on $59,670 cash. Return on cash invested measures 28.77% in year one, and rental yield stands at 10.12% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 150.11% and total cumulative return in cash reaches $89,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,518/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.35 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: B.J. Walsh • Blue Ridge Properties
Mls Name: TVRMLS
Mls ID: #9984604