812 Florida AveUnion 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
Rental property for sale in Union City at 812 Florida Ave, Union City, TN, 38261 priced at $199,900 pairs $1,568/mo rent with $372/mo cash flow after a $978/mo payment. Total monthly income equals $1,568/mo, and annual cash flow comes to $4,461/yr on $66,267 invested. Return on cash invested is 26.64% in year one, and rental yield stands at 9.41% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 138.68% and total cumulative return in cash reaches $91,897. For financing, Ziffy Mortgage’s DSCR program evaluates $1,568/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
N/A 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: Eli Walker • Walker Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #245856
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