124 Ridgeside RdChattanoogaTN37411
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
Investment Highlights
Investment property for sale in Chattanooga at 124 Ridgeside Rd, Chattanooga, TN, 37411 earns from $3,012/mo rent with a $3,421/mo payment. Total monthly income totals $3,012/mo. ROI tracks 13.94% on current figures, and rental yield reads 5.17% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 70.54% and total cumulative return in cash sums $162,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,012/mo property income instead of your personal income.
Single Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
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Nearby investment properties with comparable prices
Listed by: Susan Wilson • Zach Taylor - Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523541