1112 Groover RdSpring 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 1112 Groover Rd, Spring City, TN, 37381 listed at $1,179,000 pairs $2,507/mo rent with a $5,771/mo payment. Total monthly income runs $2,507/mo. Return on cash invested measures 6.07% in year one, and rental yield registers 2.55% at a $1,179,000 basis. Equity gained on principal adds $7,608/yr, and annual property appreciation at 5% supports $325,736 by year five. Five-year ROI tracks 28.28% and total cumulative return in cash totals $108,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,507/mo property income relative to a $5,771/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.59 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: Cristy Thomas • Scenic South Properties, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518783