491 Piccadilly AveSpring CityTN37381
Nearby investment properties with comparable rents
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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 City at 491 Piccadilly Ave, Spring City, TN, 37381 priced at $204,999 converts $900/mo rent into after a $1,003/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 14.14% in year one, and rental yield reads 5.27% against a $204,999 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,637 by year five. Five-year ROI reaches 71.68% and total cumulative return in cash sums $48,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1913
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37381, Spring City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 3,219 (62.3%) |
| Renter Occupied HU | 818 (15.8%) |
| Vacant Housing Units | 1,129 (21.9%) |
| Median Home Value | $277,466 |
| Average Home Value | $330,309 |
Housing Distribution
Address Breakdown
Residential
4,499
Single Family
4,468
Multi-Family
31
Businesses
198
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Nearby investment properties with comparable prices
Listed by: Brian Hufstetler • Coldwell Banker Pryor Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2964843
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-02 07:43:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)