150 Newman StSneedvilleTN37869
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
Rental property for sale in Sneedville at 150 Newman St, Sneedville, TN, 37869 priced at $229,900 converts $1,516/mo rent into $140/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,516/mo, and annual cash flow totals $1,680/yr on $76,212 invested. Return on cash invested prints 22.11% in year one, and rental yield reads 7.91% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 114.47% and total cumulative return in cash sums $87,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,516/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37869, Sneedville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,730 (100%) |
| Owner Occupied HU | 1,678 (61.5%) |
| Renter Occupied HU | 527 (19.3%) |
| Vacant Housing Units | 525 (19.2%) |
| Median Home Value | $150,222 |
| Average Home Value | $193,690 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,293
Multi-Family
0
Businesses
111
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Listed by: Jessee Cook • Castle & Associates Real Estate
Mls Name: Lakeway Area AOR
Mls ID: #709208