309 Summerville RdKingsportTN37663
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 309 Summerville Rd, Kingsport, TN, 37663 in Kingsport hard to pass up. The 10.03% gross yield on a $269,000 purchase results in $2,249/mo in rent and $639/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.86). Annual cash flow of $7,662, five-year appreciation of $74,320, and $2,478/yr in equity build-up combine for a projected total cumulative return of $142,885.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $639 | $1,200 |
City averages based on Kingsport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,249 |
| Total Monthly Debt Service | $1,503 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.49 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
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
Single Family
Built in 1974
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices