229 Pierce StSpring 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 229 Pierce St, Spring City, TN, 37381 offers $900/mo rent that, after a $1,150/mo payment. Total monthly income is $900/mo. Return on cash invested measures 12.1% in year one, and rental yield stands at 4.6% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 60.74% and total cumulative return in cash reaches $47,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
0.75 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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Listed by: Aaron P Shipley • Blue Key Properties LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1514193