1471 Harmony Ridge DrKingsportTN37665
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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 1471 Harmony Ridge Dr, Kingsport, TN, 37665 earns $213/mo cash flow from $1,937/mo rent with a $1,410/mo payment. Total monthly income totals $1,937/mo, and annual cash flow totals $2,551/yr on $95,472 capital. ROI tracks 22.58% on current figures, and rental yield reads 8.07% at a $288,000 purchase. Equity gained on principal adds $1,858/yr, and 5% annual appreciation supports $79,569 over five years. Five-year ROI reaches 116.93% and total cumulative return in cash sums $111,636. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,937/mo property income instead of your personal income.
Single Family
Built in 2016
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37665, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,381 (100%) |
| Owner Occupied HU | 1,376 (57.8%) |
| Renter Occupied HU | 729 (30.6%) |
| Vacant Housing Units | 276 (11.6%) |
| Median Home Value | $140,805 |
| Average Home Value | $186,842 |
Housing Distribution
Address Breakdown
Residential
2,438
Single Family
2,403
Multi-Family
35
Businesses
79
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