712 Sir Echo Dr UNIT 204KingsportTN37663
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 712 Sir Echo Dr UNIT 204, Kingsport, TN, 37663 earns $40/mo cash flow from $1,561/mo rent with a $1,060/mo payment. Total monthly income totals $1,561/mo, and annual cash flow totals $476/yr on $71,770 capital. ROI tracks 20.57% on current figures, and rental yield reads 8.65% at a $216,500 purchase. Equity gained on principal adds $1,397/yr, and 5% annual appreciation supports $59,815 over five years. Five-year ROI reaches 107.52% and total cumulative return in cash sums $77,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,561/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$225 monthly 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
Listed by: Bob Ross • Blue Ridge Properties
Mls Name: TVRMLS
Mls ID: #9980276
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.