229 Independence DrKingsportTN37660
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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 Independence Dr, Kingsport, TN, 37660 priced at $296,500 pairs $2,124/mo rent with $349/mo cash flow after a $1,451/mo payment. Total monthly income equals $2,124/mo, and annual cash flow comes to $4,192/yr on $98,290 invested. Return on cash invested is 24.17% in year one, and rental yield stands at 8.6% on a $296,500 basis. Equity gained on principal adds $1,913/yr, and 5% annual appreciation accumulates to $81,917 by year five. Five-year ROI measures 125.46% and total cumulative return in cash reaches $123,317. For financing, Ziffy Mortgage’s DSCR program evaluates $2,124/mo property income against a $1,451/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37660, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,693 (100%) |
| Owner Occupied HU | 12,165 (58.8%) |
| Renter Occupied HU | 5,925 (28.6%) |
| Vacant Housing Units | 2,603 (12.6%) |
| Median Home Value | $247,053 |
| Average Home Value | $274,228 |
Housing Distribution
Address Breakdown
Residential
19,578
Single Family
18,386
Multi-Family
1,192
Businesses
1,671
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Listed by: Tim Meyer • Arbella Properties JC
Mls Name: TVRMLS
Mls ID: #9980404
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