1243 Durham DrChattanoogaTN37421
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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 1243 Durham Dr, Chattanooga, TN, 37421 earns $658/mo cash flow from $2,528/mo rent with a $1,529/mo payment. Total monthly income totals $2,528/mo, and annual cash flow totals $7,896/yr on $103,561 capital. ROI tracks 27.53% on current figures, and rental yield reads 9.71% at a $312,400 purchase. Equity gained on principal adds $2,016/yr, and 5% annual appreciation supports $86,310 over five years. Five-year ROI reaches 143.45% and total cumulative return in cash sums $148,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,528/mo property income instead of your personal income.
Single Family
Built in 1962
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
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