315 E Spring St #8LebanonTN37087
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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 Lebanon at 315 E Spring St #8, Lebanon, TN, 37087 generates $1,880/mo in rent and, after a $1,150/mo payment, leaves $473/mo in cash flow. Total monthly income is $1,880/mo, and annual cash flow is $5,682/yr on $77,899 invested. Return on cash invested sits at 27.2% in year one, and rental yield is 9.6% on a $234,990 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,923 over five years. Five-year ROI reaches 141.71% and total cumulative return in cash sums $110,389. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,880/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37087, Lebanon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,079 (100%) |
| Owner Occupied HU | 15,902 (66.0%) |
| Renter Occupied HU | 6,660 (27.7%) |
| Vacant Housing Units | 1,517 ( 6.3%) |
| Median Home Value | $416,956 |
| Average Home Value | $474,133 |
Housing Distribution
Address Breakdown
Residential
23,420
Single Family
21,841
Multi-Family
1,579
Businesses
1,524
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