505 Lynn AveCumberland GapTN37724
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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 Cumberland Gap at 505 Lynn Ave, Cumberland Gap, TN, 37724 priced at $799,900 converts $1,414/mo rent into after a $3,915/mo obligation. Total monthly income equals $1,414/mo. Return on cash invested prints 4.67% in year one, and rental yield reads 2.12% against a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $220,998 by year five. Five-year ROI reaches 20.84% and total cumulative return in cash sums $54,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,414/mo property income covering a $3,915/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37724, Cumberland Gap, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,481 (100%) |
| Owner Occupied HU | 887 (59.9%) |
| Renter Occupied HU | 379 (25.6%) |
| Vacant Housing Units | 215 (14.5%) |
| Median Home Value | $238,478 |
| Average Home Value | $317,568 |
Housing Distribution
Address Breakdown
Residential
1,398
Single Family
1,267
Multi-Family
131
Businesses
57
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Listed by: Stephen S. Johnson • Century 21 Masengill-McCrary
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #704469
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.