391 McKeehan Ridge RdElizabethtonTN37643
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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
Rental property for sale in Elizabethton at 391 McKeehan Ridge Rd, Elizabethton, TN, 37643 offers $1,984/mo rent that, after a $1,320/mo payment, leaves $370/mo cash flow. Total monthly income is $1,984/mo, and annual cash flow is $4,435/yr on $89,406 cash. Return on cash invested measures 24.87% in year one, and rental yield stands at 8.83% at a $269,700 entry. Equity gained on principal adds $1,740/yr while 5% annual appreciation compounds into $74,513 by year five. Five-year ROI records 129.19% and total cumulative return in cash reaches $115,503. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,984/mo property income versus a $1,320/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.40 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
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Listed by: Jason Blevins • Randall Birchfield Real Estate
Mls Name: TVRMLS
Mls ID: #9979943