615 Wendover DrJohnson 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
Investment property for sale in Johnson City at 615 Wendover Dr, Johnson City, TN, 37604 at $251,000 posts ROI 33% with $908/mo cash flow from $2,411/mo rent. Total monthly income equals $2,411/mo, and annual cash flow records $10,896/yr on $83,207 to close. Return on cash invested measures 33% and rental yield reads 11.53% at the current $251,000. Equity gained on principal adds $1,620/yr, and 5% annual appreciation supports $69,347 by year five. Five-year ROI prints 172.79% and total cumulative return in cash totals $143,772.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,411/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.31 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: Brad Workman • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9982688