964 Scott RdNewbernTN38059
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Nearby investment properties with comparable prices
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 964 Scott Rd, Newbern, TN, 38059 priced at $165,000 pairs $1,493/mo rent with $505/mo cash flow after a $808/mo payment. Total monthly income equals $1,493/mo, and annual cash flow comes to $6,058/yr on $54,698 invested. Return on cash invested is 30.99% in year one, and rental yield stands at 10.86% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 161.95% and total cumulative return in cash reaches $88,583. For financing, Ziffy Mortgage’s DSCR program evaluates $1,493/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
1.20 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: Saundra Whiteside • Lankford Realty Co.
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501292
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