45 Miller 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 45 Miller St, Newbern, TN, 38059 uses $66,300 cash to close to unlock $4,136/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $979/mo payment keeps the spread at $345/mo. Purchase price stands at $200,000, and rental yield measures 9.25% with $1,542/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 136.05% and total cumulative return in cash records $90,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.42 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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