1001 E 11th StChattanoogaTN37403
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
Investment property for sale in Chattanooga at 1001 E 11th St, Chattanooga, TN, 37403 uses $149,175 cash to close to unlock $2,229/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $2,203/mo payment keeps the spread at $186/mo. Purchase price stands at $450,000, and rental yield measures 7.68% with $2,880/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 110.59% and total cumulative return in cash records $164,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 2005
3,920 sqft lot
$N/A/sqft
No 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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Listed by: Kodak Hensley • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522948