217 Sycamore StNewbernTN38059
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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
Investment property for sale in Newbern at 217 Sycamore St, Newbern, TN, 38059 uses $65,803 cash to close to unlock $4,156/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $972/mo payment keeps the spread at $346/mo. Purchase price stands at $198,500, and rental yield measures 9.28% with $1,535/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 136.49% and total cumulative return in cash records $89,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/mo property income covering a $972/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38059, Newbern, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 2,102 (65.5%) |
| Renter Occupied HU | 834 (26.0%) |
| Vacant Housing Units | 273 ( 8.5%) |
| Median Home Value | $221,708 |
| Average Home Value | $304,382 |
Housing Distribution
Address Breakdown
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
184
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Listed by: Elaine Slaughter • All-Star Real Estate
Mls Name: CWTAR
Mls Provider:
Mls ID: #242789
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