116 Spencer DrHarrimanTN37748
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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 Harriman at 116 Spencer Dr, Harriman, TN, 37748 generates $1,140/mo in rent and, after a $783/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,140/mo, and annual cash flow is $2,189/yr on $53,007 invested. Return on cash invested sits at 24.04% in year one, and rental yield is 8.56% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 124.77% and total cumulative return in cash sums $66,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37748, Harriman, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,435 (100%) |
| Owner Occupied HU | 5,520 (65.4%) |
| Renter Occupied HU | 1,956 (23.2%) |
| Vacant Housing Units | 959 (11.4%) |
| Median Home Value | $204,132 |
| Average Home Value | $249,425 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
7,584
Multi-Family
202
Businesses
504
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