2596 Pine Grove RdSpencerTN38585
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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
Investment property for sale in Spencer at 2596 Pine Grove Rd, Spencer, TN, 38585 uses $66,267 cash to close to unlock $4,917/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $978/mo payment keeps the spread at $410/mo. Purchase price stands at $199,900, and rental yield measures 9.64% with $1,606/mo rent. Return on cash invested shows 27.33% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 142.37% and total cumulative return in cash records $94,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38585, Spencer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,494 (73.9%) |
| Renter Occupied HU | 287 (14.2%) |
| Vacant Housing Units | 242 (12.0%) |
| Median Home Value | $182,258 |
| Average Home Value | $255,137 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,983
Multi-Family
25
Businesses
136
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