2802 Forest View RdKingsportTN37660
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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 2802 Forest View Rd, Kingsport, TN, 37660 offers a 9.1% rental yield on a $130,000 purchase with $986/mo rent. Total monthly income registers $986/mo, and a $636/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,497/yr on $43,095 to close, and return on cash invested stands at 25.7% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 133.75% and total cumulative return in cash at $57,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $986/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
1.44 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: Alissa Covely • A Team Real Estate Professionals
Mls Name: TVRMLS
Mls ID: #9977855
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