1216 Spring StPhiladelphiaTN37846
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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
Total monthly income runs $0/mo, and a $1,125/mo payment. Purchase price stands at $229,900, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -1.76% in year one, and 5% annual appreciation builds toward $63,517 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37846, Philadelphia, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,043 (100%) |
| Owner Occupied HU | 1,473 (72.1%) |
| Renter Occupied HU | 356 (17.4%) |
| Vacant Housing Units | 214 (10.5%) |
| Median Home Value | $271,719 |
| Average Home Value | $331,151 |
Housing Distribution
Address Breakdown
Residential
2,035
Single Family
2,035
Multi-Family
0
Businesses
37
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Listed by: Traci Lynn Adams • Traci Adams Realty Group
Mls Name: East Tennessee Realtors
Mls ID: #1320876