117 S Bragg AveLookout MountainTN37350
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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 Lookout Mountain at 117 S Bragg Ave, Lookout Mountain, TN, 37350 priced at $1,195,000 converts $3,889/mo rent into after a $5,849/mo obligation. Total monthly income equals $3,889/mo. Return on cash invested prints 10.25% in year one, and rental yield reads 3.91% against a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation compiles into $330,156 by year five. Five-year ROI reaches 50.69% and total cumulative return in cash sums $196,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,889/mo property income covering a $5,849/mo payment, not borrower’s personal income.
Single Family
Built in 1935
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37350, Lookout Mountain, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 802 (100%) |
| Owner Occupied HU | 696 (86.8%) |
| Renter Occupied HU | 53 ( 6.6%) |
| Vacant Housing Units | 53 ( 6.6%) |
| Median Home Value | $730,061 |
| Average Home Value | $813,254 |
Housing Distribution
Address Breakdown
Residential
824
Single Family
815
Multi-Family
9
Businesses
96
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Listed by: Jay Robinson • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523051