3351 E State Line RdUnion 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 3351 E State Line Rd, Union City, TN, 38261 uses $73,593 cash to close to unlock $2,096/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $1,504/mo, and a $1,087/mo payment keeps the spread at $175/mo. Purchase price stands at $222,000, and rental yield measures 8.13% with $1,504/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 117.88% and total cumulative return in cash records $86,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,504/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1 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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