416 Ridgefields 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
Rental property for sale in Kingsport at 416 Ridgefields Rd, Kingsport, TN, 37660 generates $2,044/mo in rent and, after a $1,170/mo payment, leaves $613/mo in cash flow. Total monthly income is $2,044/mo, and annual cash flow is $7,357/yr on $79,229 invested. Return on cash invested sits at 29.19% in year one, and rental yield is 10.26% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 152.45% and total cumulative return in cash sums $120,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,044/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.60 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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