247 Price RdElizabethtonTN37643
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 Elizabethton at 247 Price Rd, Elizabethton, TN, 37643 priced at $297,200 pairs $2,077/mo rent with $298/mo cash flow after a $1,455/mo payment. Total monthly income equals $2,077/mo, and annual cash flow comes to $3,571/yr on $98,522 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 8.39% on a $297,200 basis. Equity gained on principal adds $1,918/yr, and 5% annual appreciation accumulates to $82,111 by year five. Five-year ROI measures 122.03% and total cumulative return in cash reaches $120,225. For financing, Ziffy Mortgage’s DSCR program evaluates $2,077/mo property income against a $1,455/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37643, Elizabethton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,445 (100%) |
| Owner Occupied HU | 10,531 (64.0%) |
| Renter Occupied HU | 4,269 (26.0%) |
| Vacant Housing Units | 1,645 (10.0%) |
| Median Home Value | $174,872 |
| Average Home Value | $218,669 |
Housing Distribution
Address Breakdown
Residential
15,600
Single Family
15,474
Multi-Family
126
Businesses
914
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Smith • KW Johnson City
Mls Name: TVRMLS
Mls ID: #9983100