505 Lake CirSpring CityTN37381
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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
Investment property for sale in Spring City at 505 Lake Cir, Spring City, TN, 37381 earns $456/mo cash flow from $1,922/mo rent with a $1,199/mo payment. Total monthly income totals $1,922/mo, and annual cash flow totals $5,466/yr on $81,218 capital. ROI tracks 26.64% on current figures, and rental yield reads 9.41% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 138.69% and total cumulative return in cash sums $112,644. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,922/mo property income instead of your personal income.
Manufactured
Built in 1998
1.08 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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Listed by: Jeremy Brack • Century 21 Legacy
Mls Name: RCAR
Mls ID: #20260207