1600 N Washington St APT 20TullahomaTN37388
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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
Rental property for sale in Tullahoma at 1600 N Washington St APT 20, Tullahoma, TN, 37388 generates $1,631/mo in rent and, after a $1,321/mo payment, leaves $15/mo in cash flow. Total monthly income is $1,631/mo, and annual cash flow is $184/yr on $89,472 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 7.25% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 103.71% and total cumulative return in cash sums $92,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,631/mo property income rather than buyer’s personal income.
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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