2004 Morrison AveSpring HillTN37174
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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 Hill at 2004 Morrison Ave, Spring Hill, TN, 37174 earns from $1,807/mo rent with a $1,859/mo payment. Total monthly income totals $1,807/mo. ROI tracks 15.46% on current figures, and rental yield reads 5.71% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 78.75% and total cumulative return in cash sums $99,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,807/mo property income instead of your personal income.
Condo
Built in 2004
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37174, Spring Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,891 (100%) |
| Owner Occupied HU | 15,848 (69.2%) |
| Renter Occupied HU | 5,796 (25.3%) |
| Vacant Housing Units | 1,247 ( 5.4%) |
| Median Home Value | $483,063 |
| Average Home Value | $543,971 |
Housing Distribution
Address Breakdown
Residential
21,511
Single Family
19,937
Multi-Family
1,574
Businesses
1,139
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Listed by: Susan Bryant • Keller Williams Realty Nashville/Franklin
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3043383