4611 Highway 431 NSpringfieldTN37172
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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 Springfield at 4611 Highway 431 N, Springfield, TN, 37172 generates $2,754/mo in rent, after a $3,421/mo payment. Total monthly income is $2,754/mo. Return on cash invested sits at 12.6% in year one, and rental yield is 4.73% on a $698,900 entry. Equity gained on principal adds $4,510/yr, while 5% annual appreciation builds toward $193,093 over five years. Five-year ROI reaches 63.34% and total cumulative return in cash sums $145,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,754/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
3 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: FRANK C HEMPHILL • Hemphill Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2958369