192 Morey Hyder RdElizabethtonTN37601
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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 192 Morey Hyder Rd, Elizabethton, TN, 37601 with 5% annual appreciation on a $135,000 basis while $1,961/mo rent supports operations. Total monthly income totals $1,961/mo and a $661/mo payment preserves $1,153/mo for cash returns. Annual cash flow comes to $13,832/yr on $44,753 deployed, and return on cash invested reaches 50.82% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 17.43%. Five-year ROI measures 268.36% and total cumulative return in cash totals $120,097.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,961/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2018
2.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37601, Johnson City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,636 (100%) |
| Owner Occupied HU | 9,560 (51.3%) |
| Renter Occupied HU | 7,226 (38.8%) |
| Vacant Housing Units | 1,850 ( 9.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $283,480 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
16,775
Multi-Family
881
Businesses
1,516
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Listed by: Kari Greenleaf • Century 21 Legacy
Mls Name: TVRMLS
Mls ID: #9987088