136 Ruby AveElizabethtonTN37643
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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 Elizabethton at 136 Ruby Ave, Elizabethton, TN, 37643 generates $1,738/mo in rent and, after a $1,023/mo payment, leaves $487/mo in cash flow. Total monthly income is $1,738/mo, and annual cash flow is $5,842/yr on $69,284 invested. Return on cash invested sits at 28.34% in year one, and rental yield is 9.98% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 147.79% and total cumulative return in cash sums $102,398. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,738/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37643, Elizabethton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,445 (100%) |
| Owner Occupied HU | 10,531 (64.0%) |
| Renter Occupied HU | 4,269 (26.0%) |
| Vacant Housing Units | 1,645 (10.0%) |
| Median Home Value | $174,872 |
| Average Home Value | $218,669 |
Housing Distribution
Address Breakdown
Residential
15,600
Single Family
15,474
Multi-Family
126
Businesses
914
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Listed by: Mark Townsend • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9986567