1131 Stringers Ridge Rd APT 4AChattanoogaTN37405
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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 4A, Chattanooga, TN, 37405 offers a 9.26% rental yield on a $275,000 purchase with $2,123/mo rent. Total monthly income registers $2,123/mo, and a $1,346/mo payment leaves $477/mo available for distribution. Annual cash flow reaches $5,721/yr on $91,163 to close, and return on cash invested stands at 26.19% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 136.23% and total cumulative return in cash at $124,187. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,123/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Marie King • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519974