703 Hayes StSpringfieldTN37172
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 Springfield at 703 Hayes St, Springfield, TN, 37172 offers $1,427/mo rent that, after a $1,248/mo payment. Total monthly income is $1,427/mo. Return on cash invested measures 18.5% in year one, and rental yield stands at 6.72% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 95.04% and total cumulative return in cash reaches $80,336. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,427/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donald Rush • VAM
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3049183