1000 Grindstaff AveElizabethtonTN37643
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Elizabethton at 1000 Grindstaff Ave, Elizabethton, TN, 37643 uses $82,544 cash to close to unlock $1,934/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $1,219/mo payment keeps the spread at $161/mo. Purchase price stands at $249,000, and rental yield measures 7.96% with $1,652/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 115.21% and total cumulative return in cash records $95,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,342 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37643, Elizabethton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,445 (100%) |
| Owner Occupied HU | 10,531 (64.0%) |
| Renter Occupied HU | 4,269 (26.0%) |
| Vacant Housing Units | 1,645 (10.0%) |
| Median Home Value | $174,872 |
| Average Home Value | $218,669 |
Housing Distribution
Address Breakdown
Residential
15,600
Single Family
15,474
Multi-Family
126
Businesses
914
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A