2474 New Lake RdSpring 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 2474 New Lake Rd, Spring City, TN, 37381 generates $900/mo in rent, after a $1,074/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 13.09% in year one, and rental yield is 4.92% on a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation builds toward $60,644 over five years. Five-year ROI reaches 66.03% and total cumulative return in cash sums $48,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.55 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: Jacob Farr • Kennedy Real Estate & Auction
Mls Name: East Tennessee Realtors
Mls ID: #1323859