298 Howell DrSpring CityTN37381
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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 Spring City at 298 Howell Dr, Spring City, TN, 37381 priced at $179,000 converts $1,162/mo rent into $91/mo cash flow after a $876/mo obligation. Total monthly income equals $1,162/mo, and annual cash flow totals $1,087/yr on $59,339 invested. Return on cash invested prints 21.74% in year one, and rental yield reads 7.79% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 112.42% and total cumulative return in cash sums $66,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,162/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37381, Spring City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 3,219 (62.3%) |
| Renter Occupied HU | 818 (15.8%) |
| Vacant Housing Units | 1,129 (21.9%) |
| Median Home Value | $277,466 |
| Average Home Value | $330,309 |
Housing Distribution
Address Breakdown
Residential
4,499
Single Family
4,468
Multi-Family
31
Businesses
198
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Listed by: Aimee Rose • Blue Key Properties
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1303541
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.