306 8th StSouth 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 306 8th St, South Pittsburg, TN, 37380 uses $67,958 cash to close to unlock $3,639/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $1,003/mo payment keeps the spread at $303/mo. Purchase price stands at $205,000, and rental yield measures 8.96% with $1,530/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 131.35% and total cumulative return in cash records $89,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.33 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: Jacquie Jenkins • RE/MAX Realty South
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521431