2415 Riddle 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
Rental property for sale in New Market at 2415 Riddle Rd, New Market, TN, 37820 priced at $679,900 converts $2,406/mo rent into after a $3,328/mo obligation. Total monthly income equals $2,406/mo. Return on cash invested prints 11.13% in year one, and rental yield reads 4.25% against a $679,900 entry. Equity gained on principal adds $4,387/yr, while 5% annual appreciation compiles into $187,844 by year five. Five-year ROI reaches 55.47% and total cumulative return in cash sums $124,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,406/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 1953
23.50 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: Jennifer Montgomery • Wallace
Mls Name: East Tennessee Realtors
Mls ID: #1326815