424 Wild Iris WaySpring HillTN37174
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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 Spring Hill at 424 Wild Iris Way, Spring Hill, TN, 37174 priced at $551,100 converts $2,891/mo rent into after a $2,697/mo obligation. Total monthly income equals $2,891/mo. Return on cash invested prints 17.36% in year one, and rental yield reads 6.3% against a $551,100 entry. Equity gained on principal adds $3,556/yr, while 5% annual appreciation compiles into $152,259 by year five. Five-year ROI reaches 88.89% and total cumulative return in cash sums $161,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,891/mo property income covering a $2,697/mo payment, not borrower’s personal income.
Single Family
Built in 2025
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37174, Spring Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,891 (100%) |
| Owner Occupied HU | 15,848 (69.2%) |
| Renter Occupied HU | 5,796 (25.3%) |
| Vacant Housing Units | 1,247 ( 5.4%) |
| Median Home Value | $483,063 |
| Average Home Value | $543,971 |
Housing Distribution
Address Breakdown
Residential
21,511
Single Family
19,937
Multi-Family
1,574
Businesses
1,139
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Listed by: Ronda Darnell • D.R. Horton
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3066088