1024 Konnarock Rd #1024KingsportTN37664
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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
Investment property for sale in Kingsport at 1024 Konnarock Rd #1024, Kingsport, TN, 37664 uses $65,969 cash to close to unlock $4,221/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $974/mo payment keeps the spread at $352/mo. Purchase price stands at $199,000, and rental yield measures 9.3% with $1,543/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 136.91% and total cumulative return in cash records $90,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37664, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,560 (100%) |
| Owner Occupied HU | 9,178 (67.7%) |
| Renter Occupied HU | 3,276 (24.2%) |
| Vacant Housing Units | 1,106 ( 8.2%) |
| Median Home Value | $297,735 |
| Average Home Value | $303,269 |
Housing Distribution
Address Breakdown
Residential
13,040
Single Family
12,715
Multi-Family
325
Businesses
678
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