610 E Myrtle AveJohnson 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 610 E Myrtle Ave, Johnson City, TN, 37601 priced at $284,000 pairs $2,040/mo rent with $340/mo cash flow after a $1,390/mo payment. Total monthly income equals $2,040/mo, and annual cash flow comes to $4,080/yr on $94,146 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 8.62% on a $284,000 basis. Equity gained on principal adds $1,833/yr, and 5% annual appreciation accumulates to $78,464 by year five. Five-year ROI measures 125.8% and total cumulative return in cash reaches $118,433. For financing, Ziffy Mortgage’s DSCR program evaluates $2,040/mo property income against a $1,390/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
7,500 sqft 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: Becky Glover • Summit Properties
Mls Name: TVRMLS
Mls ID: #9990281