1036 Oak Drive CirKingsportTN37665
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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 1036 Oak Drive Cir, Kingsport, TN, 37665 uses $53,007 cash to close to unlock $5,789/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $783/mo payment keeps the spread at $482/mo. Purchase price stands at $159,900, and rental yield measures 10.81% with $1,440/mo rent. Return on cash invested shows 30.83% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 161.2% and total cumulative return in cash records $85,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37665, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,381 (100%) |
| Owner Occupied HU | 1,376 (57.8%) |
| Renter Occupied HU | 729 (30.6%) |
| Vacant Housing Units | 276 (11.6%) |
| Median Home Value | $140,805 |
| Average Home Value | $186,842 |
Housing Distribution
Address Breakdown
Residential
2,438
Single Family
2,403
Multi-Family
35
Businesses
79
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