210 E Union StGleasonTN38229
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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 Gleason at 210 E Union St, Gleason, TN, 38229 uses $66,267 cash to close to unlock $2,913/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,439/mo, and a $978/mo payment keeps the spread at $243/mo. Purchase price stands at $199,900, and rental yield measures 8.64% with $1,439/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 126.13% and total cumulative return in cash records $83,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,439/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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Listed by: Jane B Betts • Town and Country
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502676
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