112 Caney DrKingsportTN37660
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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 112 Caney Dr, Kingsport, TN, 37660 uses $65,969 cash to close to unlock $669/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $974/mo payment keeps the spread at $56/mo. Purchase price stands at $199,000, and rental yield measures 7.52% with $1,247/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 108.04% and total cumulative return in cash records $71,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1944
1.80 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
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