708 Hales Chapel RdJohnson CityTN37615
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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
Total monthly income runs $5,238/mo, and a $5,090/mo payment. Purchase price stands at $1,040,000, and rental yield measures 6.04% with $5,238/mo rent. Return on cash invested shows 16.79% in year one, and 5% annual appreciation builds toward $287,333 over five years. Five-year ROI reaches 85.78% and total cumulative return in cash records $289,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,238/mo property income covering a $5,090/mo payment rather than investor’s personal income.
Single Family
Built in 2015
2.80 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37615, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,820 (100%) |
| Owner Occupied HU | 7,429 (68.7%) |
| Renter Occupied HU | 2,625 (24.3%) |
| Vacant Housing Units | 766 ( 7.1%) |
| Median Home Value | $332,604 |
| Average Home Value | $375,584 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
10,358
Multi-Family
568
Businesses
735
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Listed by: Jonathan Minerick • Homecoin.com
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1303033
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.