232 Elder DrSpringfieldTN37172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Springfield at 232 Elder Dr, Springfield, TN, 37172 with 5% annual appreciation on a $339,900 basis while $2,332/mo rent supports operations. Total monthly income totals $2,332/mo and a $1,664/mo payment preserves $297/mo for cash returns. Annual cash flow comes to $3,563/yr on $112,677 deployed, and return on cash invested reaches 23.07% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 8.23%. Five-year ROI measures 119.53% and total cumulative return in cash totals $134,687.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,332/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
10,018 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie L. Zeipelt • Searcy Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3113221