290 Sparta StSpencerTN38585
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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
Total monthly income runs $1,486/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 5.49% with $1,486/mo rent. Return on cash invested shows 14.79% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 75.15% and total cumulative return in cash records $80,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,486/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1945
1 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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