246 Moreland DrKingsportTN37660
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 246 Moreland Dr, Kingsport, TN, 37660 generates $1,247/mo in rent and, after a $783/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,247/mo, and annual cash flow is $3,473/yr on $53,007 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.36% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash sums $73,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,247/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.69 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices