1544 Jessee St APT YKingsportTN37664
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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 1544 Jessee St APT Y, Kingsport, TN, 37664 offers $1,126/mo rent that, after a $870/mo payment. Total monthly income is $1,126/mo. Return on cash invested measures 19.14% in year one, and rental yield stands at 7.6% at a $177,700 entry. Equity gained on principal adds $1,147/yr while 5% annual appreciation compounds into $49,095 by year five. Five-year ROI records 99.23% and total cumulative return in cash reaches $58,455. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,126/mo property income versus a $870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37664, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,560 (100%) |
| Owner Occupied HU | 9,178 (67.7%) |
| Renter Occupied HU | 3,276 (24.2%) |
| Vacant Housing Units | 1,106 ( 8.2%) |
| Median Home Value | $297,735 |
| Average Home Value | $303,269 |
Housing Distribution
Address Breakdown
Residential
13,040
Single Family
12,715
Multi-Family
325
Businesses
678
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Listed by: Sharon Duncan • Town & Country Realty - Downtown
Mls Name: TVRMLS
Mls ID: #9980354
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