1537 Lafayette RdNew 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 1537 Lafayette Rd, New Market, TN, 37820 priced at $839,600 pairs $5,407/mo rent with $381/mo cash flow after a $4,109/mo payment. Total monthly income equals $5,407/mo, and annual cash flow comes to $4,577/yr on $276,228 invested. Return on cash invested is 21.72% in year one, and rental yield stands at 7.73% on a $839,600 basis. Equity gained on principal adds $5,418/yr, and 5% annual appreciation accumulates to $231,966 by year five. Five-year ROI measures 112.24% and total cumulative return in cash reaches $310,040. For financing, Ziffy Mortgage’s DSCR program evaluates $5,407/mo property income against a $4,109/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
5.40 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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