109 Fair StChattanoogaTN37415
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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 Chattanooga at 109 Fair St, Chattanooga, TN, 37415 priced at $290,000 converts $2,147/mo rent into $411/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $4,937/yr on $96,135 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 8.88% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 130.13% and total cumulative return in cash sums $125,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Frank Trimble • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526407