409 7th Ave WSpringfieldTN37172
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 409 7th Ave W, Springfield, TN, 37172 in Springfield deserves attention. This $289,900 property earns $2,754/mo in rent, a 11.4% gross yield, and nets $1,019/mo after the $1,304/mo payment. DSCR 2.11 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $80,094 compounds alongside $2,670/yr in yearly equity build, for a total cumulative return of $175,200.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.2% |
| Monthly Cash Flow | $1,019 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,754 |
| Total Monthly Debt Service | $1,620 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
8,276 sqft 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1960
8,276 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rosalia Rodriguez • Reliant Realty ERA Powered
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3080178