292 Greenfield LnCastalian SpringsTN37031
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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 Castalian Springs at 292 Greenfield Ln, Castalian Springs, TN, 37031 priced at $374,990 converts $2,831/mo rent into $587/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,831/mo, and annual cash flow totals $7,040/yr on $124,309 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.06% against a $374,990 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,603 by year five. Five-year ROI reaches 132.96% and total cumulative return in cash sums $165,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,831/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37031, Castalian Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,855 (100%) |
| Owner Occupied HU | 1,570 (84.6%) |
| Renter Occupied HU | 208 (11.2%) |
| Vacant Housing Units | 77 ( 4.2%) |
| Median Home Value | $450,000 |
| Average Home Value | $569,053 |
Housing Distribution
Address Breakdown
Residential
1,811
Single Family
1,811
Multi-Family
0
Businesses
53
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Listed by: Brianna Back • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2887490
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-31 22:03:32 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)