603 Harper LndgChapel HillTN37034
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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 Chapel Hill at 603 Harper Lndg, Chapel Hill, TN, 37034 listed at $275,000 pairs $2,113/mo rent with a $1,346/mo payment to leave $467/mo cash flow. Total monthly income runs $2,113/mo, and annual cash flow reaches $5,601/yr on $91,163 cash to close. Return on cash invested measures 26.05% in year one, and rental yield registers 9.22% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 135.53% and total cumulative return in cash totals $123,551. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,113/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2023
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37034, Chapel Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,594 (100%) |
| Owner Occupied HU | 2,973 (82.7%) |
| Renter Occupied HU | 406 (11.3%) |
| Vacant Housing Units | 215 ( 6.0%) |
| Median Home Value | $378,032 |
| Average Home Value | $427,289 |
Housing Distribution
Address Breakdown
Residential
3,737
Single Family
3,714
Multi-Family
23
Businesses
202
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Listed by: Bailey Long • Parks Compass
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3046505