814 Granite DrNewbernTN38059
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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 Newbern at 814 Granite Dr, Newbern, TN, 38059 priced at $254,900 pairs $1,753/mo rent with $227/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,753/mo, and annual cash flow comes to $2,721/yr on $84,499 invested. Return on cash invested is 23.13% in year one, and rental yield stands at 8.25% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 119.86% and total cumulative return in cash reaches $101,280. For financing, Ziffy Mortgage’s DSCR program evaluates $1,753/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
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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Listed by: Linda G Carter • Casey Realtors
Mls Name: CWTAR
Mls Provider:
Mls ID: #247110
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.