705 Lehigh 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 705 Lehigh St, Johnson City, TN, 37604 priced at $169,900 converts $1,613/mo rent into $596/mo cash flow after a $832/mo obligation. Total monthly income equals $1,613/mo, and annual cash flow totals $7,146/yr on $56,322 invested. Return on cash invested prints 32.6% in year one, and rental yield reads 11.39% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 170.64% and total cumulative return in cash sums $96,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,613/mo property income covering a $832/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
6,098 sqft 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: Kevin Sheffield • Vylla Home
Mls Name: TVRMLS
Mls ID: #9987244