1214 Clermont DrChattanoogaTN37415
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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
Investment Highlights
Investment property for sale in Chattanooga at 1214 Clermont Dr, Chattanooga, TN, 37415 uses $162,104 cash to close to unlock $2,438/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $3,130/mo, and a $2,393/mo payment keeps the spread at $203/mo. Purchase price stands at $489,000, and rental yield measures 7.68% with $3,130/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash records $179,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,130/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Single Family
Built in 2025
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Frank Trimble • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524345