803 Spruce LoopCrossvilleTN38555
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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 Crossville at 803 Spruce Loop, Crossville, TN, 38555 priced at $375,000 converts $2,699/mo rent into $455/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,699/mo, and annual cash flow totals $5,455/yr on $124,313 invested. Return on cash invested prints 24.3% in year one, and rental yield reads 8.64% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 126.1% and total cumulative return in cash sums $156,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,699/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38555, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,843 (100%) |
| Owner Occupied HU | 5,611 (57.0%) |
| Renter Occupied HU | 3,284 (33.4%) |
| Vacant Housing Units | 948 ( 9.6%) |
| Median Home Value | $279,190 |
| Average Home Value | $344,374 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,669
Multi-Family
615
Businesses
1,110
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Listed by: Shane McCloud • eXp Realty
Mls Name: UCMLS
Mls ID: #239873