1958 River Mist CirNew 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 1958 River Mist Cir, New Market, TN, 37820 offers $3,483/mo rent that, after a $2,814/mo payment, leaves $16/mo cash flow. Total monthly income is $3,483/mo, and annual cash flow is $197/yr on $189,142 cash. Return on cash invested measures 20.16% in year one, and rental yield stands at 7.27% at a $574,900 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,834 by year five. Five-year ROI records 103.98% and total cumulative return in cash reaches $196,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,483/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.94 Acres lot
$N/A/sqft
$300 annually 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: Lisa Brown • Crye-Leike Premier Real Estate LLC
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #706641
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.