404 Phoenix Ct #404KingsportTN37663
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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 404 Phoenix Ct #404, Kingsport, TN, 37663 uses $82,212 cash to close to unlock $7,347/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,214/mo payment keeps the spread at $612/mo. Purchase price stands at $248,000, and rental yield measures 10.39% with $2,147/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 150.8% and total cumulative return in cash records $123,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$50 monthly 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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Listed by: Melissa Grove • Blue Ridge Properties
Mls Name: TVRMLS
Mls ID: #9986676
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