923 Summer StUnion CityTN38261
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 Union City at 923 Summer St, Union City, TN, 38261 generates $1,616/mo in rent and, after a $832/mo payment, leaves $599/mo in cash flow. Total monthly income is $1,616/mo, and annual cash flow is $7,182/yr on $56,322 invested. Return on cash invested sits at 32.66% in year one, and rental yield is 11.41% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 171.01% and total cumulative return in cash sums $96,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,616/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
8,875 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JIM DOUGLAS • FULLER PARTNERS REAL ESTATE
Mls Name: RRAR
Mls ID: #46094