912 Harmony WayColumbiaTN38401
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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 Columbia at 912 Harmony Way, Columbia, TN, 38401 generates $3,218/mo in rent, after a $3,128/mo payment. Total monthly income is $3,218/mo. Return on cash invested sits at 16.59% in year one, and rental yield is 6.04% on a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 84.77% and total cumulative return in cash sums $178,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,218/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.40 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
Price History
Date | Event | Price |
|---|---|---|
| 2015-07-24 | Sold | $265,000 |
| 2015-05-20 | Price change | $265,000 |
| 2015-01-25 | Price change | $274,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-04 | $2879.37 | N/A | $105,275 | N/A |
| 2022-04-04 | $2879.37 | 17.11% | $105,275 | 45.41% |
| 2021-04-04 | $2458.77 | N/A | $72,400 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2006
- Architectural Style: Traditional
- Building Area: 2,241
- Living Area: 2,241 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Natural Gas
- Cooling: Central Air
- Flooring: Carpet, Wood, Tile
- Interior Features: Ceiling Fan(s), High Ceilings, Pantry, Smart Thermostat, Walk-In Closet(s), High Speed Internet
- Exterior Features: Smart Lock(s)
- Parking Features: Garage Door Opener, Garage Faces Side, Concrete, Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: R Howell Elementary
- Middle School: E. A. Cox Middle School
- High School: Battle Creek High School
Listed by: Taylor Meador • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2813260
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-04 07:52:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)