2064 Waterville 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
Total monthly income runs $2,684/mo, and a $8,321/mo payment. Purchase price stands at $1,700,000, and rental yield measures 1.89% with $2,684/mo rent. Return on cash invested shows 4.05% in year one, and 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 17.41% and total cumulative return in cash records $95,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,684/mo property income covering a $8,321/mo payment rather than investor’s personal income.
Single Family
Built in 2013
5.85 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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