342 Crescent DrSpringfieldTN37172
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Nearby investment properties with comparable prices
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 Springfield at 342 Crescent Dr, Springfield, TN, 37172 priced at $270,500 converts $2,332/mo rent into $713/mo cash flow after a $1,324/mo obligation. Total monthly income equals $2,332/mo, and annual cash flow totals $8,552/yr on $89,671 invested. Return on cash invested prints 29.45% in year one, and rental yield reads 10.35% against a $270,500 entry. Equity gained on principal adds $1,745/yr, while 5% annual appreciation compiles into $74,734 by year five. Five-year ROI reaches 153.74% and total cumulative return in cash sums $137,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,332/mo property income covering a $1,324/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.26 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: Jamie A. Hill • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3034543