102 Spring StPetersburgTN37144
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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 Petersburg at 102 Spring St, Petersburg, TN, 37144 uses $62,654 cash to close to unlock $6,584/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $925/mo payment keeps the spread at $549/mo. Purchase price stands at $189,000, and rental yield measures 10.67% with $1,680/mo rent. Return on cash invested shows 30.42% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 158.97% and total cumulative return in cash records $99,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1925
1.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37144, Petersburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,207 (74.6%) |
| Renter Occupied HU | 214 (13.2%) |
| Vacant Housing Units | 198 (12.2%) |
| Median Home Value | $299,576 |
| Average Home Value | $369,310 |
Housing Distribution
Address Breakdown
Residential
1,414
Single Family
1,394
Multi-Family
20
Businesses
49
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Listed by: Jennavie Basora • Weichert Realtors, The Space Place The Lampley GRP
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3003713