111 Academy Dr

Springfield, TN 37172
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3 bd, 1 ba | 1,107 sqft | Built in 1976

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List Price
$249,900

$20K

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,520

Total Return

$160,496

Annualized Return

26.8%

Cap Rate

5.0%

Gross Yield

7.3%

Cash Flow

-$1,892

Appreciation

11.1%
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Features

Lot Size

16,550

HOA

None

Flood Risk

Not Required

Beautifully maintained & updated 3 bedroom 1 bath home ready for new owners. great floor plan with a large living room. Convenient location close to shopping. Walk in closet in primary bedroom. Large backyard has flower beds, apple trees, black raspberries, blueberries, and raspberries..

See more in Analysis
Mel Priess
Roofstock Realty LLC - TN
TN Agent License #330595
Annual Financial Highlights

Expected Rent

$17,328

Expenses

-$3,084

Property Taxes

-$2,550

Loan Payments

-$13,586

Net Cash Flow

-$1,892

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:John Cole
Agent License 336865
EXIT Realty Garden Gate Team
Certified Agent Brokerage:Mel Priess
Roofstock Realty LLC - TN
TN Brokerage License 263679
SourceRealTracs
MLS #2498069
Last Updated: 03/25/2023 22:03
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