2607 Landrum Ct LOT 15SpringfieldTN37172
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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 Springfield at 2607 Landrum Ct LOT 15, Springfield, TN, 37172 uses $91,163 cash to close to unlock $8,229/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $2,332/mo, and a $1,346/mo payment keeps the spread at $686/mo. Purchase price stands at $275,000, and rental yield measures 10.18% with $2,332/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 151% and total cumulative return in cash records $137,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2001
4.69 Acres 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
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Listed by: Arlo Nugent • eXp Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3073987