1241 E 35th StChattanoogaTN37407
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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
Investment property for sale in Chattanooga at 1241 E 35th St, Chattanooga, TN, 37407 offers a 7.63% rental yield on a $199,000 purchase with $1,265/mo rent. Total monthly income registers $1,265/mo, and a $974/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $885/yr on $65,969 to close, and return on cash invested stands at 21.25% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 109.79% and total cumulative return in cash at $72,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,265/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37407, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,604 (100%) |
| Owner Occupied HU | 1,142 (31.7%) |
| Renter Occupied HU | 2,026 (56.2%) |
| Vacant Housing Units | 436 (12.1%) |
| Median Home Value | $114,912 |
| Average Home Value | $234,777 |
Housing Distribution
Address Breakdown
Residential
3,312
Single Family
3,312
Multi-Family
0
Businesses
408
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Listed by: Turner Olson • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524112