6840 Herbert Shannon RdSpringfieldTN37172
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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 Springfield at 6840 Herbert Shannon Rd, Springfield, TN, 37172 listed at $341,900 pairs $2,332/mo rent with a $1,673/mo payment to leave $286/mo cash flow. Total monthly income runs $2,332/mo, and annual cash flow reaches $3,429/yr on $113,340 cash to close. Return on cash invested measures 22.93% in year one, and rental yield registers 8.18% at a $341,900 basis. Equity gained on principal adds $2,206/yr, and annual property appreciation at 5% supports $94,461 by year five. Five-year ROI tracks 118.81% and total cumulative return in cash totals $134,655. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,332/mo property income relative to a $1,673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2017
1.22 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: Maranda Duron • Keller Williams First Choice Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3060302