140 Edgewater RdElizabethtonTN37643
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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 Elizabethton at 140 Edgewater Rd, Elizabethton, TN, 37643 with 5% annual appreciation on a $199,900 basis while $1,980/mo rent supports operations. Total monthly income totals $1,980/mo and a $978/mo payment preserves $784/mo for cash returns. Annual cash flow comes to $9,405/yr on $66,267 deployed, and return on cash invested reaches 34.1% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 11.89%. Five-year ROI measures 178.68% and total cumulative return in cash totals $118,405.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,980/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2022
1.60 Acres 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: Dale Williams • Rainbow Realty & Auction
Mls Name: TVRMLS
Mls ID: #9988787