1131 Stringers Ridge Rd APT 8BChattanoogaTN37405
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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 1131 Stringers Ridge Rd APT 8B, Chattanooga, TN, 37405 generates $2,197/mo in rent and, after a $1,290/mo payment, leaves $174/mo in cash flow. Total monthly income is $2,197/mo, and annual cash flow is $2,092/yr on $87,350 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 10.01% on a $263,500 entry. Equity gained on principal adds $1,700/yr, while 5% annual appreciation builds toward $72,800 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash sums $102,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,197/mo property income rather than buyer’s personal income.
Condo
Built in 1974
1 Acres lot
$N/A/sqft
$445 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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