107 S 2nd StWataugaTN37694
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
Rental property for sale in Watauga at 107 S 2nd St, Watauga, TN, 37694 generates $1,501/mo in rent and, after a $1,047/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,501/mo, and annual cash flow is $2,645/yr on $70,941 invested. Return on cash invested sits at 23.64% in year one, and rental yield is 8.42% on a $214,000 entry. Equity gained on principal adds $1,381/yr, while 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 122.6% and total cumulative return in cash sums $86,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,501/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37694, Watauga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 726 (100%) |
| Owner Occupied HU | 520 (71.6%) |
| Renter Occupied HU | 128 (17.6%) |
| Vacant Housing Units | 78 (10.7%) |
| Median Home Value | $195,192 |
| Average Home Value | $253,438 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices