7543 State Highway 189FriendshipTN38034
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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 Friendship at 7543 State Highway 189, Friendship, TN, 38034 listed at $120,000 pairs $1,390/mo rent with a $587/mo payment to leave $672/mo cash flow. Total monthly income runs $1,390/mo, and annual cash flow reaches $8,064/yr on $39,780 cash to close. Return on cash invested measures 40.18% in year one, and rental yield registers 13.9% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 211.27% and total cumulative return in cash totals $84,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,390/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38034, Friendship, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,420 (100%) |
| Owner Occupied HU | 956 (67.3%) |
| Renter Occupied HU | 321 (22.6%) |
| Vacant Housing Units | 143 (10.1%) |
| Median Home Value | $146,575 |
| Average Home Value | $204,971 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
62
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Listed by: Bayli Young Williams • simpliHOM
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523720