903 Sherwood DrUnion CityTN38261
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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 Union City at 903 Sherwood Dr, Union City, TN, 38261 priced at $289,000 converts $2,192/mo rent into $462/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $5,538/yr on $95,804 invested. Return on cash invested prints 25.69% in year one, and rental yield reads 9.1% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 133.59% and total cumulative return in cash sums $127,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.73 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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Listed by: Phyllis Larry • C21 Golden Service Realty & Au
Mls Name: CWTAR
Mls ID: #2502098