224 Virgil AveKingsportTN37665
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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 Kingsport at 224 Virgil Ave, Kingsport, TN, 37665 offers a 9.95% rental yield on a $144,950 purchase with $1,202/mo rent. Total monthly income registers $1,202/mo, and a $709/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,017/yr on $48,051 to close, and return on cash invested stands at 28.27% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,047 over five years. Portfolio math shows five-year ROI at 147.43% and total cumulative return in cash at $70,840. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,202/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37665, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,381 (100%) |
| Owner Occupied HU | 1,376 (57.8%) |
| Renter Occupied HU | 729 (30.6%) |
| Vacant Housing Units | 276 (11.6%) |
| Median Home Value | $140,805 |
| Average Home Value | $186,842 |
Housing Distribution
Address Breakdown
Residential
2,438
Single Family
2,403
Multi-Family
35
Businesses
79
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