138 Newport DrOak RidgeTN37830
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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 Oak Ridge at 138 Newport Dr, Oak Ridge, TN, 37830 generates $3,059/mo in rent and, after a $2,122/mo payment, leaves $464/mo in cash flow. Total monthly income is $3,059/mo, and annual cash flow is $5,565/yr on $143,705 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 8.47% on a $433,500 entry. Equity gained on principal adds $2,797/yr, while 5% annual appreciation builds toward $119,768 over five years. Five-year ROI reaches 123.34% and total cumulative return in cash sums $177,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,059/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37830, Oak Ridge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,965 (100%) |
| Owner Occupied HU | 9,391 (58.8%) |
| Renter Occupied HU | 5,222 (32.7%) |
| Vacant Housing Units | 1,352 ( 8.5%) |
| Median Home Value | $278,924 |
| Average Home Value | $301,190 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
14,382
Multi-Family
1,191
Businesses
1,115
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Listed by: Caroline Badgett • Wallace
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #3003162
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-16 21:18:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)