1131 Stringers Ridge Rd APT 2AChattanoogaTN37405
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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 2A, Chattanooga, TN, 37405 uses $69,615 cash to close to unlock $4,341/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,619/mo, and a $1,028/mo payment keeps the spread at $362/mo. Purchase price stands at $210,000, and rental yield measures 9.25% with $1,619/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 136.03% and total cumulative return in cash records $94,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,619/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Wendy Dixon • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518525