2393 Forester RdNew 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
Investment property for sale in New Market at 2393 Forester Rd, New Market, TN, 37820 listed at $339,900 pairs $2,255/mo rent with a $1,664/mo payment to leave $220/mo cash flow. Total monthly income runs $2,255/mo, and annual cash flow reaches $2,639/yr on $112,677 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 7.96% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 115.14% and total cumulative return in cash totals $129,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,255/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2021
1.15 Acres lot
$N/A/sqft
No 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: Russ Quarles • Wilson & Quarles Realty
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #707227
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.