278 Laurel RdTownsendTN37882
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 Townsend at 278 Laurel Rd, Townsend, TN, 37882 priced at $740,000 converts $2,729/mo rent into after a $3,622/mo obligation. Total monthly income equals $2,729/mo. Return on cash invested prints 11.68% in year one, and rental yield reads 4.43% against a $740,000 entry. Equity gained on principal adds $4,775/yr, while 5% annual appreciation compiles into $204,448 by year five. Five-year ROI reaches 58.41% and total cumulative return in cash sums $142,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,729/mo property income covering a $3,622/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37882, Townsend, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,592 (100%) |
| Owner Occupied HU | 1,317 (50.8%) |
| Renter Occupied HU | 272 (10.5%) |
| Vacant Housing Units | 1,003 (38.7%) |
| Median Home Value | $437,226 |
| Average Home Value | $494,507 |
Housing Distribution
Address Breakdown
Residential
1,546
Single Family
1,546
Multi-Family
0
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices