544 Fleetwood Dr #FKingsportTN37660
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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 544 Fleetwood Dr #F, Kingsport, TN, 37660 priced at $274,747 converts $1,868/mo rent into $108/mo cash flow after a $1,345/mo obligation. Total monthly income equals $1,868/mo, and annual cash flow totals $1,297/yr on $91,079 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 8.16% against a $274,747 entry. Equity gained on principal adds $1,773/yr, while 5% annual appreciation compiles into $75,908 by year five. Five-year ROI reaches 110.81% and total cumulative return in cash sums $100,923. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,345/mo payment, not borrower’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$115 monthly 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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Listed by: Paulette Byrd • Byrd Home Team
Mls Name: TVRMLS
Mls ID: #9977484
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