200 Salolee Cir LOT 256South PittsburgTN37380
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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 South Pittsburg at 200 Salolee Cir LOT 256, South Pittsburg, TN, 37380 offers a 7.21% rental yield on a $199,000 purchase with $1,196/mo rent. Total monthly income registers $1,196/mo, and a $974/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $57/yr on $65,969 to close, and return on cash invested stands at 20% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 103.04% and total cumulative return in cash at $67,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,196/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37380, South Pittsburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,023 (100%) |
| Owner Occupied HU | 1,920 (63.5%) |
| Renter Occupied HU | 726 (24.0%) |
| Vacant Housing Units | 377 (12.5%) |
| Median Home Value | $213,799 |
| Average Home Value | $256,471 |
Housing Distribution
Address Breakdown
Residential
2,855
Single Family
2,792
Multi-Family
63
Businesses
288
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Listed by: Amber Hardiman • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524103