1622 Vance StKingsportTN37664
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1622 Vance St, Kingsport, TN, 37664 generates $969/mo in rent and, after a $611/mo payment, leaves $222/mo in cash flow. Total monthly income is $969/mo, and annual cash flow is $2,660/yr on $41,404 invested. Return on cash invested sits at 26.33% in year one, and rental yield is 9.31% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 137.05% and total cumulative return in cash sums $56,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $969/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices