341 Clearwater 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
Investment property for sale in Spring City at 341 Clearwater Dr, Spring City, TN, 37381 offers a 1.4% rental yield on a $769,000 purchase with $900/mo rent. 49% in year one. Equity gained on principal adds $4,962/yr while 5% annual appreciation supports $212,461 over five years. Portfolio math shows five-year ROI at 9.16% and total cumulative return in cash at $23,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $900/mo property income against a $3,764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.66 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: Carol Movre • Coldwell Banker Pryor Realty
Mls Name: East Tennessee Realtors
Mls ID: #1318882