214 E Rhea AveSpring 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
Rental property for sale in Spring City at 214 E Rhea Ave, Spring City, TN, 37381 priced at $241,300 converts $2,738/mo rent into $1,294/mo cash flow after a $1,181/mo obligation. Total monthly income equals $2,738/mo, and annual cash flow totals $15,523/yr on $79,991 invested. Return on cash invested prints 39.31% in year one, and rental yield reads 13.62% against a $241,300 entry. Equity gained on principal adds $1,557/yr, while 5% annual appreciation compiles into $66,667 by year five. Five-year ROI reaches 206.67% and total cumulative return in cash sums $165,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,738/mo property income covering a $1,181/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.42 Acres 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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