1031 Irish WaySpring HillTN37174
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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 Hill at 1031 Irish Way, Spring Hill, TN, 37174 priced at $389,500 converts $2,611/mo rent into $89/mo cash flow after a $1,906/mo obligation. Total monthly income equals $2,611/mo, and annual cash flow totals $1,066/yr on $129,119 invested. Return on cash invested prints 20.73% in year one, and rental yield reads 8.04% against a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation compiles into $107,612 by year five. Five-year ROI reaches 107.64% and total cumulative return in cash sums $138,979. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,611/mo property income covering a $1,906/mo payment, not borrower’s personal income.
Townhouse
Built in 2015
N/A lot
$N/A/sqft
$191 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37174, Spring Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,891 (100%) |
| Owner Occupied HU | 15,848 (69.2%) |
| Renter Occupied HU | 5,796 (25.3%) |
| Vacant Housing Units | 1,247 ( 5.4%) |
| Median Home Value | $483,063 |
| Average Home Value | $543,971 |
Housing Distribution
Address Breakdown
Residential
21,511
Single Family
19,937
Multi-Family
1,574
Businesses
1,139
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Listed by: Vanessa Stalets • JPAR Music City
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2817661
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-15 08:08:13 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)