510 Washington AveElizabethtonTN37643
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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 Elizabethton at 510 Washington Ave, Elizabethton, TN, 37643 listed at $149,900 pairs $1,144/mo rent with a $734/mo payment to leave $246/mo cash flow. Total monthly income runs $1,144/mo, and annual cash flow reaches $2,956/yr on $49,692 cash to close. Return on cash invested measures 25.86% in year one, and rental yield registers 9.16% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 134.53% and total cumulative return in cash totals $66,851. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,144/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
7,500 sqft 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: Jay Crockett • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9990199