220 New AveErwinTN37650
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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 Erwin at 220 New Ave, Erwin, TN, 37650 generates $1,123/mo in rent and, after a $905/mo payment, leaves $16/mo in cash flow. Total monthly income is $1,123/mo, and annual cash flow is $192/yr on $61,328 invested. Return on cash invested sits at 20.22% in year one, and rental yield is 7.28% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 104.34% and total cumulative return in cash sums $63,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,123/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37650, Erwin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,893 (100%) |
| Owner Occupied HU | 3,794 (64.4%) |
| Renter Occupied HU | 1,407 (23.9%) |
| Vacant Housing Units | 692 (11.7%) |
| Median Home Value | $166,334 |
| Average Home Value | $212,859 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,606
Multi-Family
107
Businesses
446
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