The Tri-Cities region offers affordable single-family rentals, scattered 5 to 10 unit apartments, and mixed-use corners across Johnson City, Kingsport, and Bristol with price points well below Nashville.
Talk through a propertyNortheast Tennessee investors work across three distinct city markets connected by I-26 and I-81. Johnson City carries university demand from East Tennessee State University. Kingsport and Bristol hold workforce rentals and highway commercial property. A six unit building in Johnson City and a fourplex in Kingsport may need different program lanes despite sharing a regional label.
Capituro underwrites Tri-Cities properties by legal unit count and income type: residential DSCR on small rentals, Apartment DSCR on smaller apartments, Commercial DSCR on retail-led mixed use, and bridge when stabilization is still in progress.
Johnson City, Kingsport, and Bristol neighborhoods offer 1,200 to 1,800 square foot rentals often purchased between $150K and $280K. Loan sizing may need higher leverage to reach residential DSCR minimums of $300K.
Six to ten unit buildings appear along major corridors in all three cities. Five to ten units fits Apartment DSCR with portfolio-style rent roll review. Larger institutional multifamily is limited compared to Nashville or Knoxville.
Downtown revitalization areas in Johnson City and Kingsport include mixed-use with retail ground floors. Highway retail along I-26 and I-81 fits Commercial DSCR when income is commercial-led.
Interest-only for up to the full term on an apartment building, often for more cash out.
Program detailsStabilized small apartments when legal unit count is five to ten.
Program detailsEquity pull on stabilized rentals, apartments, and commercial income property when the ratio and value support the request.
Program detailsRetail and office on highway and downtown commercial corridors.
Program detailsEntry rentals and small residential across Johnson City, Kingsport, and Bristol.
Program detailsJohnson City, Kingsport, and Bristol have different employment bases and rent levels. Underwrite each address on its local rent roll, not a regional average.
ETSU-adjacent rentals may show seasonal turnover. Trailing income should reflect full-year occupancy, not just fall semester peak rents.
Affordable purchase prices can sit below DSCR minimum loan sizes. Leverage and property selection may need adjustment.
