197 Wedgewood LnSpring 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 197 Wedgewood Ln, Spring City, TN, 37381 listed at $445,000 pairs $900/mo rent with a $2,178/mo payment. Total monthly income runs $900/mo. Return on cash invested measures 5.56% in year one, and rental yield registers 2.43% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 25.65% and total cumulative return in cash totals $37,844. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1982
9,384 sqft 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: Jennifer Scates • Wallace-Jennifer Scates Group
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2931920