129 Walnut St UNIT 220ChattanoogaTN37403
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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 129 Walnut St UNIT 220, Chattanooga, TN, 37403 offers a 7.27% rental yield on a $625,000 purchase with $3,787/mo rent. Total monthly income registers $3,787/mo, and a $3,059/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $549/yr on $205,625 to close, and return on cash invested stands at 20.33% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 104.79% and total cumulative return in cash at $215,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,787/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37403, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 533 (20.4%) |
| Renter Occupied HU | 1,557 (59.7%) |
| Vacant Housing Units | 520 (19.9%) |
| Median Home Value | $441,011 |
| Average Home Value | $520,038 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,022
Multi-Family
699
Businesses
401
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Listed by: Sherry Lawrence • Zach Taylor - Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521044