120 Cornerstone LnHarrogateTN37752
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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 Harrogate at 120 Cornerstone Ln, Harrogate, TN, 37752 priced at $330,000 converts $2,039/mo rent into $64/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,039/mo, and annual cash flow totals $765/yr on $109,395 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 7.41% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 106.33% and total cumulative return in cash sums $116,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,039/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2014
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37752, Harrogate, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,826 (62.5%) |
| Renter Occupied HU | 701 (24.0%) |
| Vacant Housing Units | 396 (13.5%) |
| Median Home Value | $193,925 |
| Average Home Value | $269,654 |
Housing Distribution
Address Breakdown
Residential
2,554
Single Family
2,554
Multi-Family
0
Businesses
196
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