808 Milton Ct #808KingsportTN37664
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 808 Milton Ct #808, Kingsport, TN, 37664 offers a 9.24% rental yield on a $180,000 purchase with $1,386/mo rent. Total monthly income registers $1,386/mo, and a $881/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,702/yr on $59,670 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 135.9% and total cumulative return in cash at $81,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,386/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37664, Kingsport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,560 (100%) |
| Owner Occupied HU | 9,178 (67.7%) |
| Renter Occupied HU | 3,276 (24.2%) |
| Vacant Housing Units | 1,106 ( 8.2%) |
| Median Home Value | $297,735 |
| Average Home Value | $303,269 |
Housing Distribution
Address Breakdown
Residential
13,040
Single Family
12,715
Multi-Family
325
Businesses
678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices