218 Cherry LnKingstonTN37763
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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 Kingston at 218 Cherry Ln, Kingston, TN, 37763 priced at $265,000 converts $1,639/mo rent into $53/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,639/mo, and annual cash flow totals $633/yr on $87,848 invested. Return on cash invested prints 20.63% in year one, and rental yield reads 7.42% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 106.44% and total cumulative return in cash sums $93,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,639/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Multi Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37763, Kingston, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,563 (100%) |
| Owner Occupied HU | 5,576 (73.7%) |
| Renter Occupied HU | 1,345 (17.8%) |
| Vacant Housing Units | 642 ( 8.5%) |
| Median Home Value | $275,986 |
| Average Home Value | $335,825 |
Housing Distribution
Address Breakdown
Residential
7,127
Single Family
7,083
Multi-Family
44
Businesses
486
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Listed by: Dennis Opp • EXIT Provision Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1304224
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.