405 7th StNewportTN37821
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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 Newport at 405 7th St, Newport, TN, 37821 uses $85,859 cash to close to unlock $8,307/yr annual cash flow and $692/mo monthly cash flow. Total monthly income runs $2,243/mo, and a $1,268/mo payment keeps the spread at $692/mo. Purchase price stands at $259,000, and rental yield measures 10.39% with $2,243/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 154.51% and total cumulative return in cash records $132,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.33 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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