123 Herron 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 123 Herron Dr, Kingsport, TN, 37663 offers $3,041/mo rent that, after a $2,148/mo payment, leaves $414/mo cash flow. Total monthly income is $3,041/mo, and annual cash flow is $4,966/yr on $145,495 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 8.31% at a $438,900 entry. Equity gained on principal adds $2,832/yr while 5% annual appreciation compounds into $121,260 by year five. Five-year ROI records 120.88% and total cumulative return in cash reaches $175,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,041/mo property income versus a $2,148/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1.28 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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Listed by: Matthew Finstad • Coldwell Banker Security Real Estate
Mls Name: TVRMLS
Mls ID: #9981526
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