124 Grove 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
Investment property for sale in Kingsport at 124 Grove Dr, Kingsport, TN, 37663 at $378,500 posts ROI 20.51% with $63/mo cash flow from $2,329/mo rent. Total monthly income equals $2,329/mo, and annual cash flow records $754/yr on $125,473 to close. Return on cash invested measures 20.51% and rental yield reads 7.38% at the current $378,500. Equity gained on principal adds $2,442/yr, and 5% annual appreciation supports $104,573 by year five. Five-year ROI prints 105.8% and total cumulative return in cash totals $132,754.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,329/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
0.39 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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