229 Aesque StKingsportTN37665
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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 Kingsport at 229 Aesque St, Kingsport, TN, 37665 priced at $199,000 converts $1,798/mo rent into $607/mo cash flow after a $974/mo obligation. Total monthly income equals $1,798/mo, and annual cash flow totals $7,281/yr on $65,969 invested. Return on cash invested prints 30.95% in year one, and rental yield reads 10.84% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 161.76% and total cumulative return in cash sums $106,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,798/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1938
7,405 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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