1183 Hangar Dr LOT 3SpringfieldTN37172
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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 1183 Hangar Dr LOT 3, Springfield, TN, 37172 listed at $920,000 pairs $2,754/mo rent with a $4,503/mo payment. Total monthly income runs $2,754/mo. Return on cash invested measures 9.14% in year one, and rental yield registers 3.59% at a $920,000 basis. Equity gained on principal adds $5,937/yr, and annual property appreciation at 5% supports $254,179 by year five. Five-year ROI tracks 44.81% and total cumulative return in cash totals $135,627. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,754/mo property income relative to a $4,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
7.32 Acres 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: Tonya Brooks Yarbrough • APEX REALTY & AUCTION, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3070789