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19
Rent climbs to $2,976, 20 comps deep
Updated 13 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
The rental market for this property is quite promising. Based on similar local homes, you can expect a monthly rental income between $2,809 and $2,976, which comfortably exceeds previous rental figures for this specific unit. This investment offers a solid 10.1% yield, signaling strong potential for consistent cash flow. Given the current market data and demand for spacious five-bedroom homes, this property stands out as a reliable choice for investors.
More about this home
Neighborhood Assessment
The Clearwater Springs neighborhood in Johnson City is filled with new construction and feels fresh, you know? It's got that suburban vibe with parks nearby and solid schools—Fairmont Elementary, Indian Trail Middle, and Science Hill High all rated 6-8, which is a notch above what you see in a lot of places. Most homes around here are selling between $255K and $346K, and new builds like yours (5 beds, 3 baths, 2,361 sqft) stand out in the area since most comps are smaller. So, really, it's an up-and-coming spot that people want to be. There's an HOA, but at $400/yr, it's not going to break the bank. You do have some climate risks—moderate heat, some wind, and major flood and fire risks, so be proactive with insurance and prep. Overall, it feels safe, new, and pretty family-friendly.
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Rental Income
$35K
Yield
10.1%
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers exciting possibilities to enhance daily life. While the price per square foot remains stable at roughly $164 versus the $166 baseline, these improvements help your property shine in a competitive, evolving market. This investment offers a path to higher rental income, potentially reaching $3,379. Refreshing your space adds immense personal value and broad appeal, ensuring your home remains a standout choice for future buyers who value a move-in ready lifestyle.
Comps
3
Buy-Rehab-Rent
This property shows a solid post-renovation value between 369,000 and 408,000 dollars. Given the modern 2025 construction year, the asset likely requires minimal capital expenditure to achieve these competitive market valuations, securing your long-term equity position. Monthly rental income is projected at 3,049 dollars, delivering a steady 9.4 percent yield. This robust cash flow profile makes the property a reliable income generator, effectively balancing market risk with strong and consistent rental demand.
Rental Income
$37K
Yield
9.4%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$344K
$48.7K below comp median
Comparative Market Analysis
$225K – $758K
~76 days to sell
Based on 8 comps
341 Arrowhead Dr, Johnson City Investment Report: Flip & Rental Analysis · Frontflip