1109 Ridge ParkeKingsportTN37663
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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 1109 Ridge Parke, Kingsport, TN, 37663 uses $119,307 cash to close to unlock $2,785/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $2,387/mo, and a $1,762/mo payment keeps the spread at $232/mo. Purchase price stands at $359,900, and rental yield measures 7.96% with $2,387/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 115.14% and total cumulative return in cash records $137,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,387/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37663, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,863 (100%) |
| Owner Occupied HU | 5,358 (78.1%) |
| Renter Occupied HU | 1,125 (16.4%) |
| Vacant Housing Units | 380 ( 5.5%) |
| Median Home Value | $297,832 |
| Average Home Value | $339,189 |
Housing Distribution
Address Breakdown
Residential
6,452
Single Family
6,452
Multi-Family
0
Businesses
450
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