117 E 7th St #802-AChattanoogaTN37402
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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
Total monthly income runs $1,680/mo, and a $3,519/mo payment. Purchase price stands at $719,000, and rental yield measures 2.8% with $1,680/mo rent. Return on cash invested shows 6.75% in year one, and 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 31.99% and total cumulative return in cash records $75,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $3,519/mo payment rather than investor’s personal income.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37402, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,435 (100%) |
| Owner Occupied HU | 256 ( 7.5%) |
| Renter Occupied HU | 2,828 (82.3%) |
| Vacant Housing Units | 351 (10.2%) |
| Median Home Value | $433,000 |
| Average Home Value | $573,207 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
1,873
Multi-Family
1,716
Businesses
984
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Listed by: Wade Trammell • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1517575