📍 Crossville, TN – Subject-To Deal – 3.875% Rate, $1,200+ Monthly Spread 💰
$151,000 • 3 Beds / 2 Baths • 1,620 SqFt
Offer Submission Deadline
-
Mobile Home -
3 -
2 -
1996 -
1620 -
1620
Description
DESCRIPTION
Investors — here’s your instant cash flow machine. Take over this subject-to deal and lock in a sub-4% interest rate in today’s high-rate market. This is plug-and-play wealth building.
Property Highlights:
- 🛏️ 3 Bedrooms
- 🛁 2 Bathrooms
- 📐 1,620 sq ft
- Built 1996, well-kept manufactured home
- Located in the desirable Lake Tansi community with amenities: golf course, lake access, clubhouse, pools, and more.
Tenant demand here is high — Zillow estimates rent at $2,151/mo. Demand is fueled by retirees, lake enthusiasts, and remote workers seeking affordable living with recreational perks.
DEAL TERMS
- Purchase Type: Subject-To Existing Loan
- Principal Balance: $133,000
- Interest Rate: 3.875% fixed
- PITI: $1,050.92/month
- Zillow Market Rent: $2,151/month
- Projected Monthly Spread: ~$1,100+
- Annual Net Cash Flow Potential: $13K+ before appreciation
WHY INVESTORS LOVE THIS DEAL
- ✅ Sub-4% financing in a +6% market
- ✅ Cash flow from Day 1 without heavy rehab
- ✅ Located in an amenity-rich community with strong rental comps
- ✅ Turnkey entry into a market with rising property values
- ✅ Low competition — this isn’t hitting the MLS
PROPERTY VALUATION
- Zillow Zestimate: $222,000
- https://www.zillow.com/homedetails/7227-Big-Horn-Dr-Crossville-TN-38572/41027711_zpid/
- Redfin Estimate: $186,897
- https://www.redfin.com/TN/Crossville/7227-Big-Horn-Dr-38572/home/62847676
Estimated Spread
- ARV $180,000
- Price $142,000
- Spread $38,000
