297 Mountain Meadows DrNew 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 297 Mountain Meadows Dr, New Market, TN, 37820 with 5% annual appreciation on a $289,000 basis while $1,913/mo rent supports operations. Total monthly income totals $1,913/mo and a $1,415/mo payment preserves $183/mo for cash returns. Annual cash flow comes to $2,190/yr on $95,804 deployed, and return on cash invested reaches 22.2% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 7.94%. Five-year ROI measures 114.85% and total cumulative return in cash totals $110,030.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,913/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2012
0.49 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: Kenny Phillips • Powell Auction & Realty,LLC
Mls Name: East Tennessee Realtors
Mls ID: #1326464