400 Wallace DrNiotaTN37826
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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 Niota at 400 Wallace Dr, Niota, TN, 37826 offers a 11.8% rental yield on a $280,745 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,374/mo payment leaves $1,055/mo available for distribution. Annual cash flow reaches $12,654/yr on $93,067 to close, and return on cash invested stands at 33.51% in year one. Equity gained on principal adds $1,812/yr while 5% annual appreciation supports $77,565 over five years. Portfolio math shows five-year ROI at 175.63% and total cumulative return in cash at $163,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37826, Niota, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,215 (100%) |
| Owner Occupied HU | 1,629 (73.5%) |
| Renter Occupied HU | 389 (17.6%) |
| Vacant Housing Units | 197 ( 8.9%) |
| Median Home Value | $276,359 |
| Average Home Value | $319,911 |
Housing Distribution
Address Breakdown
Residential
1,942
Single Family
1,942
Multi-Family
0
Businesses
63
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Listed by: Keri Denham • DHI Inc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1512112
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