1040 Morrell CtKingsportTN37664
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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 1040 Morrell Ct, Kingsport, TN, 37664 earns $727/mo cash flow from $2,636/mo rent with a $1,561/mo payment. Total monthly income totals $2,636/mo, and annual cash flow totals $8,721/yr on $105,749 capital. ROI tracks 28.16% on current figures, and rental yield reads 9.92% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 146.81% and total cumulative return in cash sums $155,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,636/mo property income instead of your personal income.
Single Family
Built in 1992
8,276 sqft 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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