1162 Highland AveUnion CityTN38261
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
Investment property for sale in Union City at 1162 Highland Ave, Union City, TN, 38261 offers a 12.07% rental yield on a $179,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $876/mo payment leaves $729/mo available for distribution. Annual cash flow reaches $8,743/yr on $59,339 to close, and return on cash invested stands at 34.64% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 181.63% and total cumulative return in cash at $107,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38261, Union City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,533 (100%) |
| Owner Occupied HU | 4,170 (55.4%) |
| Renter Occupied HU | 2,739 (36.4%) |
| Vacant Housing Units | 624 ( 8.3%) |
| Median Home Value | $193,936 |
| Average Home Value | $230,429 |
Housing Distribution
Address Breakdown
Residential
7,113
Single Family
6,799
Multi-Family
314
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Woodruff • Wendell Alexander Realty
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #134841
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.