115 Ottowa PointTen MileTN37880
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 115 Ottowa Point, Ten Mile, TN, 37880 in Ten Mile is capital appreciation. Rental yield 1.32%. The 1.32% gross yield at $1,685,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $465,534 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.25) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $108,026.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.3% | 6.2% |
| Monthly Cash Flow | $(8,227) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,860 |
| Total Monthly Debt Service | $9,416 |
| DSCR Ratio | 0.20x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37880, Ten Mile, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,374 (58.4%) |
| Renter Occupied HU | 266 (11.3%) |
| Vacant Housing Units | 711 (30.2%) |
| Median Home Value | $250,575 |
| Average Home Value | $336,357 |
Housing Distribution
Address Breakdown
Residential
1,834
Single Family
1,834
Multi-Family
0
Businesses
45
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
Single Family
Built in 2002
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37880, Ten Mile, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,374 (58.4%) |
| Renter Occupied HU | 266 (11.3%) |
| Vacant Housing Units | 711 (30.2%) |
| Median Home Value | $250,575 |
| Average Home Value | $336,357 |
Housing Distribution
Address Breakdown
Residential
1,834
Single Family
1,834
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy May-Martin • Coldwell Banker Jim Henry & Assoc.
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515825
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