412 Wallace DrNiotaTN37826
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Niota at 412 Wallace Dr, Niota, TN, 37826 priced at $244,785 converts $2,760/mo rent into $1,270/mo cash flow after a $1,198/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $15,237/yr on $81,146 invested. Return on cash invested prints 38.69% in year one, and rental yield reads 13.53% against a $244,785 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,630 by year five. Five-year ROI reaches 203.42% and total cumulative return in cash sums $165,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,198/mo payment, not borrower’s personal income.
Single Family
Built in 2023
8,276 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: #1513230
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