1131 Stringers Ridge Rd APT 11KChattanoogaTN37405
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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 1131 Stringers Ridge Rd APT 11K, Chattanooga, TN, 37405 earns from $1,499/mo rent with a $1,175/mo payment. Total monthly income totals $1,499/mo. ROI tracks 13.54% on current figures, and rental yield reads 7.5% at a $239,999 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,307 over five years. Five-year ROI reaches 71.07% and total cumulative return in cash sums $56,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,499/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$484 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
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Listed by: Scott Harris • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2914271
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-17 08:28:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)