507 Sheila DrNewportTN37821
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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
Rental property for sale in Newport at 507 Sheila Dr, Newport, TN, 37821 offers $1,842/mo rent that, after a $1,219/mo payment, leaves $351/mo cash flow. Total monthly income is $1,842/mo, and annual cash flow is $4,214/yr on $82,544 cash. Return on cash invested measures 25.01% in year one, and rental yield stands at 8.88% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 129.99% and total cumulative return in cash reaches $107,300. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,842/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.46 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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