183 Thorn RdNewportTN37821
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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 Newport at 183 Thorn Rd, Newport, TN, 37821 priced at $799,000 converts $1,440/mo rent into after a $3,911/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 4.8% in year one, and rental yield reads 2.16% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 21.51% and total cumulative return in cash sums $56,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37821, Newport, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,415 (100%) |
| Owner Occupied HU | 6,987 (61.2%) |
| Renter Occupied HU | 3,248 (28.5%) |
| Vacant Housing Units | 1,180 (10.3%) |
| Median Home Value | $178,191 |
| Average Home Value | $259,487 |
Housing Distribution
Address Breakdown
Residential
10,979
Single Family
10,705
Multi-Family
274
Businesses
755
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