2977 Highway 297NewcombTN37819
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newcomb at 2977 Highway 297, Newcomb, TN, 37819 uses $62,322 cash to close to unlock $3,897/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $1,450/mo, and a $920/mo payment keeps the spread at $325/mo. Purchase price stands at $188,000, and rental yield measures 9.26% with $1,450/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 136.13% and total cumulative return in cash records $84,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,450/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37819, Newcomb, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 330 (100%) |
| Owner Occupied HU | 206 (62.4%) |
| Renter Occupied HU | 95 (28.8%) |
| Vacant Housing Units | 29 ( 8.8%) |
| Median Home Value | $171,622 |
| Average Home Value | $167,233 |
Housing Distribution
Address Breakdown
Residential
322
Single Family
322
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blake Gray • Gray Real Estate Brokerage
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1298780
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. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.