113 11th Ave WSpringfieldTN37172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 113 11th Ave W, Springfield, TN, 37172 offers a 8.74% rental yield on a $320,000 purchase with $2,332/mo rent. Total monthly income registers $2,332/mo, and a $1,566/mo payment leaves $417/mo available for distribution. Annual cash flow reaches $5,000/yr on $106,080 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 127.86% and total cumulative return in cash at $135,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,332/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Culp • RE/MAX Choice Properties
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3079651