704 Hickory StElizabethtonTN37643
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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 704 Hickory St, Elizabethton, TN, 37643 at $204,900 posts ROI 26.65% with $381/mo cash flow from $1,608/mo rent. Total monthly income equals $1,608/mo, and annual cash flow records $4,576/yr on $67,924 to close. Return on cash invested measures 26.65% and rental yield reads 9.42% at the current $204,900. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 by year five. Five-year ROI prints 138.75% and total cumulative return in cash totals $94,246.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,608/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1998
6,534 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: David Collins • Collins & Co. Realtors & Auctioneers
Mls Name: TVRMLS
Mls ID: #9979100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.