221 Harmony WayCosbyTN37722
Nearby investment properties with comparable rents
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 Cosby at 221 Harmony Way, Cosby, TN, 37722 priced at $129,000 converts $1,027/mo rent into $205/mo cash flow after a $631/mo obligation. Total monthly income equals $1,027/mo, and annual cash flow totals $2,462/yr on $42,764 invested. Return on cash invested prints 25.67% in year one, and rental yield reads 9.55% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 134.08% and total cumulative return in cash sums $57,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,027/mo property income covering a $631/mo payment, not borrower’s personal income.
Manufactured
Built in 1996
1,742 sqft lot
$N/A/sqft
$50 monthly 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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Listed by: Philip LaMonte • Smoky Mountain Real Estate Cor
Mls Name: GSMAR, GSMMLS
Mls Provider:
Mls ID: #305391
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