242 Union Ridge RdWartraceTN37183
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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 Wartrace at 242 Union Ridge Rd, Wartrace, TN, 37183 priced at $259,900 converts $2,478/mo rent into $922/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,478/mo, and annual cash flow totals $11,067/yr on $86,157 invested. Return on cash invested prints 32.75% in year one, and rental yield reads 11.44% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 171.49% and total cumulative return in cash sums $147,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,478/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37183, Wartrace, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,663 (100%) |
| Owner Occupied HU | 1,265 (76.1%) |
| Renter Occupied HU | 253 (15.2%) |
| Vacant Housing Units | 145 ( 8.7%) |
| Median Home Value | $375,179 |
| Average Home Value | $433,571 |
Housing Distribution
Address Breakdown
Residential
1,407
Single Family
1,407
Multi-Family
0
Businesses
57
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