3121 Lantern LnUnion CityTN38261
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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 Union City at 3121 Lantern Ln, Union City, TN, 38261 offers a 9.38% rental yield on a $189,900 purchase with $1,484/mo rent. Total monthly income registers $1,484/mo, and a $929/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,172/yr on $62,952 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 138.13% and total cumulative return in cash at $86,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,484/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38261, Union City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,533 (100%) |
| Owner Occupied HU | 4,170 (55.4%) |
| Renter Occupied HU | 2,739 (36.4%) |
| Vacant Housing Units | 624 ( 8.3%) |
| Median Home Value | $193,936 |
| Average Home Value | $230,429 |
Housing Distribution
Address Breakdown
Residential
7,113
Single Family
6,799
Multi-Family
314
Businesses
648
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Listed by: Phyllis Larry • C21 Golden Service Realty & Au
Mls Name: CWTAR
Mls ID: #2505518