558 Garrison Hollow RdElizabethtonTN37643
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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 Elizabethton at 558 Garrison Hollow Rd, Elizabethton, TN, 37643 priced at $229,900 converts $1,621/mo rent into $245/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,621/mo, and annual cash flow totals $2,940/yr on $76,212 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 8.46% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 123.32% and total cumulative return in cash sums $93,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,621/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Manufactured
Built in 2003
0.40 Acres 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: Tayler Nidiffer • Lantern Real Estate
Mls Name: TVRMLS
Mls ID: #9988422