1024 Richard StSpringfieldTN37172
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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 Springfield at 1024 Richard St, Springfield, TN, 37172 earns $64/mo cash flow from $1,680/mo rent with a $1,321/mo payment. Total monthly income totals $1,680/mo, and annual cash flow totals $772/yr on $89,472 capital. ROI tracks 20.77% on current figures, and rental yield reads 7.47% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 107.25% and total cumulative return in cash sums $95,958. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.
Single Family
Built in 1951
6,969 sqft 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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Listed by: J.K. Graves • Bluegrass Realty & Property Management, Inc
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3078405