511 S Watauga AveElizabethtonTN37643
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Nearby investment properties with comparable prices
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 511 S Watauga Ave, Elizabethton, TN, 37643 at $334,900 posts ROI 23.96% with $374/mo cash flow from $2,379/mo rent. Total monthly income equals $2,379/mo, and annual cash flow records $4,493/yr on $111,019 to close. Return on cash invested measures 23.96% and rental yield reads 8.52% at the current $334,900. Equity gained on principal adds $2,161/yr, and 5% annual appreciation supports $92,527 by year five. Five-year ROI prints 124.29% and total cumulative return in cash totals $137,989.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,379/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
9,150 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: Shonna Weddle • REMAX Checkmate, Inc. Realtors
Mls Name: TVRMLS
Mls ID: #9987747