1108 Wheeler AveChattanoogaTN37406
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 Chattanooga at 1108 Wheeler Ave, Chattanooga, TN, 37406 generates $1,693/mo in rent and, after a $744/mo payment, leaves $783/mo in cash flow. Total monthly income is $1,693/mo, and annual cash flow is $9,397/yr on $50,388 invested. Return on cash invested sits at 38.56% in year one, and rental yield is 13.37% on a $152,000 entry. Equity gained on principal adds $981/yr, while 5% annual appreciation builds toward $41,995 over five years. Five-year ROI reaches 202.69% and total cumulative return in cash sums $102,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,693/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37406, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 2,684 (43.4%) |
| Renter Occupied HU | 2,840 (46.0%) |
| Vacant Housing Units | 654 (10.6%) |
| Median Home Value | $224,742 |
| Average Home Value | $284,553 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,242
Multi-Family
172
Businesses
714
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Listed by: Jeffrey Homan • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520101