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406 Millwheel Dr
Score
0
Johnson City, TN

406 Millwheel Dr

360K
4 bd • 3 ba • 2,268 sf

This analysis was generated on 3/8/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$360,000

Price/Sq.Ft

$159

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Metal Roof: Durable and long-lasting roofing material, adding approximately $10,000-$15,000 in value compared to asphalt shingles. • Two-Car Garage: Provides secure parking and storage, adding approximately $5,000-$10,000 in value. • Metal Roof • Two-Car Garage • Landscaped Yard • Price Position: At $158.73 per square foot, the property is priced below the median price per square foot of $170 for the area, which could indicate a good value or reflect the property's condition or features. • Appreciation Trend: Homes in 37601 have sold for 6.4% more than they did a year ago, indicating positive appreciation, but the shift to a neutral market suggests this growth may slow down. • Potential Equity: Property could be worth up to $15,000 more than the asking price • Rental Income: $1,350/month with 90% occupancy (0.1% cap rate) • Schools: No school data available • Future Development: No information on planned changes available
Metal Roof

Metal Roof

Durable and long-lasting roofing material, adding approximately $10,000-$15,000 in value compared to asphalt shingles.

Two-Car Garage

Two-Car Garage

Provides secure parking and storage, adding approximately $5,000-$10,000 in value.

The Bad

• The median income of $42,160 is relatively low, potentially limiting future price appreciation. • Rising interest rates could dampen buyer demand and slow down price growth. • Lack of specific property details (year built, features, utilities) makes a comprehensive risk assessment challenging. • Climate Risk: No climate risk data available

The Ugly

No critical issues identified

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $16,200 with 90% occupancy rate Value Investors: Projected 12.0% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$42,160

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jun 5, 1995
UnknownDavid R Denny, Lyndell Denny
Grant Deed
Transfer

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (4 bed)

$730

Get a detailed estimate on Zillow
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$360,000
Price/sqft
$159
Layout
4 bd3 ba
0

Stats in the Area

Based on 5 comparable properties nearby

Average Price

$148,400

142.6%

Your price is 142.6% above average

Median Price

$135,000

166.7%

Based on 5 recent sales

Price per Sq.Ft

$146

8.7%

Your price is 8.7% above average $/sqft

Comparable Properties

151 Browns Road, Gray, TN 37615
Price: $280,000
Sq.Ft: 1,920
Beds/Baths: N/A/N/A
$/Sq.Ft:
$1468.1%
Sale Date: 11/2/2024
623 Robert Court, Johnson City, TN 37601
Price: $55,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/3/2025
74 Glaze Farm Way, Johnson City, TN 37601
Price: $140,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/9/2024
115 Glaze Farm Way, Johnson City, TN 37601
Price: $132,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/8/2024
111 Glaze Farm Way, Johnson City, TN 37601
Price: $135,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 10/8/2024

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