31 Spring House Dr LOT 9ManchesterTN37355
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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 Manchester at 31 Spring House Dr LOT 9, Manchester, TN, 37355 at $447,900 posts ROI 14.68% with from $2,034/mo rent. Total monthly income equals $2,034/mo. Return on cash invested measures 14.68% and rental yield reads 5.45% at the current $447,900. Equity gained on principal adds $2,890/yr, and 5% annual appreciation supports $123,747 by year five. Five-year ROI prints 74.56% and total cumulative return in cash totals $110,706. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: Braden Netherland • Harney Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3065511