1600 N Washington St APT 2TullahomaTN37388
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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 Tullahoma at 1600 N Washington St APT 2, Tullahoma, TN, 37388 offers a 6.34% rental yield on a $250,000 purchase with $1,320/mo rent. 35% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 88.9% and total cumulative return in cash at $73,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37388, Tullahoma, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 7,815 (63.8%) |
| Renter Occupied HU | 3,480 (28.4%) |
| Vacant Housing Units | 960 ( 7.8%) |
| Median Home Value | $279,352 |
| Average Home Value | $313,478 |
Housing Distribution
Address Breakdown
Residential
11,530
Single Family
11,101
Multi-Family
429
Businesses
1,213
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