408 E Main StNewbernTN38059
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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 Newbern at 408 E Main St, Newbern, TN, 38059 offers a 4.12% rental yield on a $174,900 purchase with $600/mo rent. 66% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 53.07% and total cumulative return in cash at $30,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $600/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38059, Newbern, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,209 (100%) |
| Owner Occupied HU | 2,102 (65.5%) |
| Renter Occupied HU | 834 (26.0%) |
| Vacant Housing Units | 273 ( 8.5%) |
| Median Home Value | $221,708 |
| Average Home Value | $304,382 |
Housing Distribution
Address Breakdown
Residential
3,135
Single Family
3,135
Multi-Family
0
Businesses
184
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