245 Greenfield LnCastalian SpringsTN37031
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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 Castalian Springs at 245 Greenfield Ln, Castalian Springs, TN, 37031 priced at $508,000 converts $3,527/mo rent into $486/mo cash flow after a $2,486/mo obligation. Total monthly income equals $3,527/mo, and annual cash flow totals $5,837/yr on $167,132 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.33% against a $508,000 entry. Equity gained on principal adds $3,278/yr, while 5% annual appreciation compiles into $140,351 by year five. Five-year ROI reaches 122.08% and total cumulative return in cash sums $204,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,527/mo property income covering a $2,486/mo payment, not borrower’s personal income.
Single Family
Built in 1994
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37031, Castalian Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,855 (100%) |
| Owner Occupied HU | 1,570 (84.6%) |
| Renter Occupied HU | 208 (11.2%) |
| Vacant Housing Units | 77 ( 4.2%) |
| Median Home Value | $450,000 |
| Average Home Value | $569,053 |
Housing Distribution
Address Breakdown
Residential
1,811
Single Family
1,811
Multi-Family
0
Businesses
53
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