3020 W County Farm RdSpringfieldTN37172
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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 3020 W County Farm Rd, Springfield, TN, 37172 uses $49,725 cash to close to unlock $3,603/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $734/mo payment keeps the spread at $300/mo. Purchase price stands at $150,000, and rental yield measures 9.58% with $1,198/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 141.5% and total cumulative return in cash records $70,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
1.09 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: Jayne Ann Eden • Century 21 Landmark Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3045511