505 Evergreen RdKingsportTN37663
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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 505 Evergreen Rd, Kingsport, TN, 37663 earns $449/mo cash flow from $1,646/mo rent with a $979/mo payment. Total monthly income totals $1,646/mo, and annual cash flow totals $5,384/yr on $66,300 capital. ROI tracks 28.03% on current figures, and rental yield reads 9.88% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 146.15% and total cumulative return in cash sums $96,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,646/mo property income instead of your personal income.
Single Family
Built in 1961
0.59 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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