4357 Old State Highway 111SpencerTN38585
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
Investment Highlights
Investment property for sale in Spencer at 4357 Old State Highway 111, Spencer, TN, 38585 offers a 8.96% rental yield on a $175,000 purchase with $1,307/mo rent. Total monthly income registers $1,307/mo, and a $857/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,108/yr on $58,013 to close, and return on cash invested stands at 25.27% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 131.3% and total cumulative return in cash at $76,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,307/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38585, Spencer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,494 (73.9%) |
| Renter Occupied HU | 287 (14.2%) |
| Vacant Housing Units | 242 (12.0%) |
| Median Home Value | $182,258 |
| Average Home Value | $255,137 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,983
Multi-Family
25
Businesses
136
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