120 Sylvan DrKingsportTN37663
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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
Rental property for sale in Kingsport at 120 Sylvan Dr, Kingsport, TN, 37663 priced at $364,000 converts $2,742/mo rent into $563/mo cash flow after a $1,782/mo obligation. Total monthly income equals $2,742/mo, and annual cash flow totals $6,752/yr on $120,666 invested. Return on cash invested prints 25.5% in year one, and rental yield reads 9.04% against a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation compiles into $100,566 by year five. Five-year ROI reaches 132.59% and total cumulative return in cash sums $159,989. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,742/mo property income covering a $1,782/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.98 Acres 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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