1024 Sharondale AveKingsportTN37660
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 Kingsport at 1024 Sharondale Ave, Kingsport, TN, 37660 uses $65,306 cash to close to unlock $10,029/yr annual cash flow and $836/mo monthly cash flow. Total monthly income runs $2,033/mo, and a $964/mo payment keeps the spread at $836/mo. Purchase price stands at $197,000, and rental yield measures 12.38% with $2,033/mo rent. Return on cash invested shows 35.27% in year one, and 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 185.06% and total cumulative return in cash records $120,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,033/mo property income covering a $964/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37660, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,693 (100%) |
| Owner Occupied HU | 12,165 (58.8%) |
| Renter Occupied HU | 5,925 (28.6%) |
| Vacant Housing Units | 2,603 (12.6%) |
| Median Home Value | $247,053 |
| Average Home Value | $274,228 |
Housing Distribution
Address Breakdown
Residential
19,578
Single Family
18,386
Multi-Family
1,192
Businesses
1,671
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Fletcher • Conservus Homes
Mls Name: TVRMLS
Mls ID: #9981466
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.