1308 Carrberry CtKingsportTN37663
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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 1308 Carrberry Ct, Kingsport, TN, 37663 generates $3,241/mo in rent and, after a $1,946/mo payment, leaves $861/mo in cash flow. Total monthly income is $3,241/mo, and annual cash flow is $10,332/yr on $131,796 invested. Return on cash invested sits at 27.75% in year one, and rental yield is 9.78% on a $397,575 entry. Equity gained on principal adds $2,565/yr, while 5% annual appreciation builds toward $109,843 over five years. Five-year ROI reaches 144.59% and total cumulative return in cash sums $190,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,241/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
5,662 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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