166 Pierce StElizabethtonTN37643
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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 166 Pierce St, Elizabethton, TN, 37643 generates $2,380/mo in rent and, after a $1,831/mo payment, leaves $141/mo in cash flow. Total monthly income is $2,380/mo, and annual cash flow is $1,689/yr on $123,981 invested. Return on cash invested sits at 21.27% in year one, and rental yield is 7.64% on a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 109.89% and total cumulative return in cash sums $136,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,380/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.61 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: Millie Pendola • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9985180