520 Tennessee StSpring CityTN37381
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
Rental property for sale in Spring City at 520 Tennessee St, Spring City, TN, 37381 priced at $324,900 converts $2,124/mo rent into $179/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $2,152/yr on $107,704 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 7.84% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 113.3% and total cumulative return in cash sums $122,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.71 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: Anneke Wilkey • Coldwell Banker Pryor Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524674