510 Melody LnNew TazewellTN37825
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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 New Tazewell at 510 Melody Ln, New Tazewell, TN, 37825 offers $1,934/mo rent that, after a $1,043/mo payment, leaves $658/mo cash flow. Total monthly income is $1,934/mo, and annual cash flow is $7,900/yr on $70,643 cash. Return on cash invested measures 31.09% in year one, and rental yield stands at 10.89% at a $213,100 entry. Equity gained on principal adds $1,375/yr while 5% annual appreciation compounds into $58,876 by year five. Five-year ROI records 162.59% and total cumulative return in cash reaches $114,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,934/mo property income versus a $1,043/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37825, New Tazewell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,613 (100%) |
| Owner Occupied HU | 2,887 (62.6%) |
| Renter Occupied HU | 1,026 (22.2%) |
| Vacant Housing Units | 700 (15.2%) |
| Median Home Value | $184,345 |
| Average Home Value | $299,781 |
Housing Distribution
Address Breakdown
Residential
4,013
Single Family
3,860
Multi-Family
153
Businesses
169
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Listed by: N/A • N/A
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