131 Raspberry DrNew MarketTN37820
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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
Rental property for sale in New Market at 131 Raspberry Dr, New Market, TN, 37820 generates $3,212/mo in rent and, after a $2,251/mo payment, leaves $459/mo in cash flow. Total monthly income is $3,212/mo, and annual cash flow is $5,507/yr on $152,457 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 8.38% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash sums $185,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,212/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37820, New Market, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,527 (73.1%) |
| Renter Occupied HU | 634 (18.3%) |
| Vacant Housing Units | 296 ( 8.6%) |
| Median Home Value | $246,159 |
| Average Home Value | $354,911 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,390
Multi-Family
0
Businesses
143
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Listed by: Erik Jackson • Smart Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1266542
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. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.