29 Atwill DrSpringvilleTN38256
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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 Springville at 29 Atwill Dr, Springville, TN, 38256 priced at $161,900 converts $1,114/mo rent into $145/mo cash flow after a $792/mo obligation. Total monthly income equals $1,114/mo, and annual cash flow totals $1,743/yr on $53,670 invested. Return on cash invested prints 23.16% in year one, and rental yield reads 8.26% against a $161,900 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation compiles into $44,730 by year five. Five-year ROI reaches 120.04% and total cumulative return in cash sums $64,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,114/mo property income covering a $792/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38256, Springville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,026 (100%) |
| Owner Occupied HU | 1,321 (43.7%) |
| Renter Occupied HU | 266 ( 8.8%) |
| Vacant Housing Units | 1,439 (47.6%) |
| Median Home Value | $216,304 |
| Average Home Value | $304,667 |
Housing Distribution
Address Breakdown
Residential
2,301
Single Family
2,301
Multi-Family
0
Businesses
62
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Nearby investment properties with comparable prices
Listed by: Trisha Cannon • Cannon Realty Group LLC
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #134140
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