2969 Sparrow WayNewportTN37821
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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 Newport at 2969 Sparrow Way, Newport, TN, 37821 priced at $110,400 pairs $1,499/mo rent with $838/mo cash flow after a $540/mo payment. Total monthly income equals $1,499/mo, and annual cash flow comes to $10,062/yr on $36,598 invested. Return on cash invested is 47.4% in year one, and rental yield stands at 16.29% on a $110,400 basis. Equity gained on principal adds $712/yr, and 5% annual appreciation accumulates to $30,501 by year five. Five-year ROI measures 250.06% and total cumulative return in cash reaches $91,517. For financing, Ziffy Mortgage’s DSCR program evaluates $1,499/mo property income against a $540/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
1 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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