305 Hamilton PlKingsportTN37663
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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 305 Hamilton Pl, Kingsport, TN, 37663 with 5% annual appreciation on a $239,900 basis while $1,632/mo rent supports operations. Total monthly income totals $1,632/mo and a $1,174/mo payment preserves $196/mo for cash returns. Annual cash flow comes to $2,353/yr on $79,527 deployed, and return on cash invested reaches 22.87% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 8.16%. Five-year ROI measures 118.49% and total cumulative return in cash totals $94,231.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,632/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37663, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,863 (100%) |
| Owner Occupied HU | 5,358 (78.1%) |
| Renter Occupied HU | 1,125 (16.4%) |
| Vacant Housing Units | 380 ( 5.5%) |
| Median Home Value | $297,832 |
| Average Home Value | $339,189 |
Housing Distribution
Address Breakdown
Residential
6,452
Single Family
6,452
Multi-Family
0
Businesses
450
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