701 Newtons WayKingsportTN37663
Nearby investment properties with comparable rents
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 Kingsport at 701 Newtons Way, Kingsport, TN, 37663 at $317,900 posts ROI 25.36% with $479/mo cash flow from $2,382/mo rent. Total monthly income equals $2,382/mo, and annual cash flow records $5,748/yr on $105,384 to close. Return on cash invested measures 25.36% and rental yield reads 8.99% at the current $317,900. Equity gained on principal adds $2,051/yr, and 5% annual appreciation supports $87,830 by year five. Five-year ROI prints 131.81% and total cumulative return in cash totals $138,904.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,382/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37663, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,863 (100%) |
| Owner Occupied HU | 5,358 (78.1%) |
| Renter Occupied HU | 1,125 (16.4%) |
| Vacant Housing Units | 380 ( 5.5%) |
| Median Home Value | $297,832 |
| Average Home Value | $339,189 |
Housing Distribution
Address Breakdown
Residential
6,452
Single Family
6,452
Multi-Family
0
Businesses
450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices