Real Estate Investing in Bath Springs, Tennessee (38311)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38311 (Bath Springs, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 28.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bath Springs, TN (38311)?
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Market Analysis: 38311 Bath Springs
The 38311 ZIP covers a section of Bath Springs that demands careful diligence. Prices near $247K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $247K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38311 is substantial and deserves full respect.
Nearby ZIPs in Bath Springs have seen price recovery that 38311 has not matched. Decatur County data supports the view that the spread is structural rather than temporary.
Who lives in 38311 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. substantial returns are possible in 38311, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bath Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 38311 Compare?
| Metric | 38311 | Bath Springs | Tennessee |
|---|---|---|---|
| Home Value | $246,777 | $246,777 | $327,001 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38311 (Bath Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,777 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38311
Population: 767
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What are vacancy rates like in Bath Springs, TN?
Bath Springs, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
What are rental rates like in Bath Springs, TN?
Rental rates in Bath Springs, TN average $846/mo. Tenant demand and $247K home values make the yield look reasonable by investor standards.
What is the smart move for investors in Bath Springs, TN?
In Bath Springs, TN the solid play is typically careful cash-flow rentals with hands-on management. The combination of $247K prices and $846/mo rents suits that approach.
Is Bath Springs, TN landlord-friendly?
TN ranks as a landlord-friendly state for landlord-tenant law. Bath Springs generally follows the statewide framework, so landlords face reasonable operating rules.
Is Bath Springs in TN worth investing in?
Our data puts Bath Springs, TN at 3.0/5 for investability. Home prices of $247K and rents around $846/mo create a solid backdrop for investor activity.
You know 38311 now. You don’t know where it ranks.
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