167 Millstone WayCosbyTN37722
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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 Cosby at 167 Millstone Way, Cosby, TN, 37722 offers $1,920/mo rent that, after a $1,713/mo payment. Total monthly income is $1,920/mo. Return on cash invested measures 18.1% in year one, and rental yield stands at 6.58% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 92.91% and total cumulative return in cash reaches $107,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37722, Cosby, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,670 (100%) |
| Owner Occupied HU | 2,152 (58.6%) |
| Renter Occupied HU | 632 (17.2%) |
| Vacant Housing Units | 886 (24.1%) |
| Median Home Value | $247,865 |
| Average Home Value | $285,895 |
Housing Distribution
Address Breakdown
Residential
2,979
Single Family
2,939
Multi-Family
40
Businesses
90
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