2116 Mockingbird Ln APT CSpringfieldTN37172
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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
Rental property for sale in Springfield at 2116 Mockingbird Ln APT C, Springfield, TN, 37172 generates $1,717/mo in rent and, after a $1,027/mo payment, leaves $461/mo in cash flow. Total monthly income is $1,717/mo, and annual cash flow is $5,530/yr on $69,582 invested. Return on cash invested sits at 27.86% in year one, and rental yield is 9.82% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 145.19% and total cumulative return in cash sums $101,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,717/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A 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: Summer Leal • Home Hunters Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3067127