500 Sassafras 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
Investment property for sale in Cosby at 500 Sassafras Way, Cosby, TN, 37722 uses $43,062 cash to close to unlock $3,158/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,091/mo, and a $636/mo payment keeps the spread at $263/mo. Purchase price stands at $129,900, and rental yield measures 10.08% with $1,091/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 142.53% and total cumulative return in cash records $61,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,091/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
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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