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33
38 Rentals Confirm $2,569 Rent
Updated today • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with estimated monthly income ranging between $2,405 and $2,714. These figures align well with local market trends for similar four-bedroom, three-bathroom homes in the 37604 zip code. With an estimated rental yield of approximately 8.78%, this investment offers a solid opportunity for consistent cash flow. Given the current market stability and demand, this home stands out as a reliable choice for investors.
More about this home
Neighborhood Assessment
The Cottages at Greenwood subdivision in Johnson City offers solid fundamentals for investors. This newer construction area (built 2021-2022) near ETSU and Johnson City Medical Center shows consistent neighborhood appreciation with comparable homes selling in the $325K-$420K range. The 1,900 sqft, 4-bed/3-bath layout at $350K represents fair value positioning, though the MAJOR fire risk rating and modest walkability are considerations. Proximity to quality schools and employment hubs supports long-term stability.
Market Activity
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Rental Income
$31K
Yield
8.8%
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers a clear boost in value, driving the price per square foot from $193 up to $211. This represents a 9% increase, helping your property shine in a competitive market while enhancing daily comfort. Updating your home is a smart move to attract quality buyers or renters. With higher potential sale and rental figures, these improvements unlock lasting value and ensure your property remains a desirable, top-tier choice for years.
Value Add
$33K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $368,000 and $407,000. The modest 9% value uplift suggests careful budget management is essential to maintain healthy margins during the rehabilitation phase. Annual rental income is projected at $32,418, delivering a respectable 8.4% yield. This reliable cash flow, combined with the property's modern 2021 build, provides a stable, low-risk foundation for a long-term buy-and-hold real estate portfolio.
Rental Income
$32K
Yield
8.4%
Year 1 Estimates, Post Typical Renovation
Estimated value
$350K
$27.5K over comp median
Comparative Market Analysis
$235K – $530K
~85 days to sell
Based on 8 comps
1425 Willow Springs Dr, Johnson City Investment Report: Flip & Rental Analysis · Frontflip