612 S Lynn South 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 612 S Lynn South Ave, Elizabethton, TN, 37643 with 5% annual appreciation on a $229,900 basis while $1,680/mo rent supports operations. Total monthly income totals $1,680/mo and a $1,125/mo payment preserves $304/mo for cash returns. Annual cash flow comes to $3,648/yr on $76,212 deployed, and return on cash invested reaches 24.7% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.77%. Five-year ROI measures 128.33% and total cumulative return in cash totals $97,799.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,680/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
8,100 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: #9989765