109 Scenic Hill DrSpring 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
Investment property for sale in Spring City at 109 Scenic Hill Dr, Spring City, TN, 37381 at $499,000 posts ROI 18.68% with from $2,818/mo rent. Total monthly income equals $2,818/mo. Return on cash invested measures 18.68% and rental yield reads 6.78% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 96.03% and total cumulative return in cash totals $158,850. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,818/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1980
0.81 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: Jillian Stavely • Coldwell Banker Pryor Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521411