101 Pepper Grove AveSpringfieldTN37172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Springfield at 101 Pepper Grove Ave, Springfield, TN, 37172 priced at $214,700 pairs $1,814/mo rent with $529/mo cash flow after a $1,051/mo payment. Total monthly income equals $1,814/mo, and annual cash flow comes to $6,343/yr on $71,173 invested. Return on cash invested is 28.82% in year one, and rental yield stands at 10.14% on a $214,700 basis. Equity gained on principal adds $1,385/yr, and 5% annual appreciation accumulates to $59,318 by year five. Five-year ROI measures 150.38% and total cumulative return in cash reaches $107,031. For financing, Ziffy Mortgage’s DSCR program evaluates $1,814/mo property income against a $1,051/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37172, Springfield, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,390 (100%) |
| Owner Occupied HU | 8,623 (64.4%) |
| Renter Occupied HU | 3,905 (29.2%) |
| Vacant Housing Units | 862 ( 6.4%) |
| Median Home Value | $320,132 |
| Average Home Value | $389,189 |
Housing Distribution
Address Breakdown
Residential
12,840
Single Family
12,667
Multi-Family
173
Businesses
1,001
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