Spruce Plan, EvergreenCane RidgeTN37013
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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 Cane Ridge at Spruce Plan, Evergreen, Cane Ridge, TN, 37013 uses $125,304 cash to close to unlock $4,312/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $2,622/mo, and a $1,850/mo payment keeps the spread at $359/mo. Purchase price stands at $377,990, and rental yield measures 8.32% with $2,622/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $104,432 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash records $151,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,622/mo property income covering a $1,850/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37013, Antioch, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,735 (100%) |
| Owner Occupied HU | 20,514 (50.4%) |
| Renter Occupied HU | 17,137 (42.1%) |
| Vacant Housing Units | 3,084 ( 7.6%) |
| Median Home Value | $369,432 |
| Average Home Value | $459,922 |
Housing Distribution
Address Breakdown
Residential
41,182
Single Family
28,292
Multi-Family
12,890
Businesses
921
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A