1004 Chestnut Ridge RdSpring CityTN37381
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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 Spring City at 1004 Chestnut Ridge Rd, Spring City, TN, 37381 generates $1,208/mo in rent and, after a $710/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,208/mo, and annual cash flow is $4,077/yr on $48,068 invested. Return on cash invested sits at 28.39% in year one, and rental yield is 10% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 148.06% and total cumulative return in cash sums $71,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,208/mo property income rather than buyer’s personal income.
Manufactured
Built in 1979
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37381, Spring City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 3,219 (62.3%) |
| Renter Occupied HU | 818 (15.8%) |
| Vacant Housing Units | 1,129 (21.9%) |
| Median Home Value | $277,466 |
| Average Home Value | $330,309 |
Housing Distribution
Address Breakdown
Residential
4,499
Single Family
4,468
Multi-Family
31
Businesses
198
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Listed by: Anneke Wilkey • Coldwell Banker Pryor Realty- Dayton
Mls Name: RCAR
Mls ID: #20254259