1000 E Martin Luther King Blvd #102ChattanoogaTN37403
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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 Chattanooga at 1000 E Martin Luther King Blvd #102, Chattanooga, TN, 37403 uses $96,102 cash to close to unlock $11,142/yr annual cash flow and $929/mo monthly cash flow. Total monthly income runs $3,092/mo, and a $1,419/mo payment keeps the spread at $929/mo. Purchase price stands at $289,900, and rental yield measures 12.8% with $3,092/mo rent. Return on cash invested shows 31.5% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 166.69% and total cumulative return in cash records $160,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,092/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 2007
1 Acres lot
$N/A/sqft
$428 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37403, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 533 (20.4%) |
| Renter Occupied HU | 1,557 (59.7%) |
| Vacant Housing Units | 520 (19.9%) |
| Median Home Value | $441,011 |
| Average Home Value | $520,038 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,022
Multi-Family
699
Businesses
401
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