1301 Market St STE 106ChattanoogaTN37402
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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 1301 Market St STE 106, Chattanooga, TN, 37402 uses $137,539 cash to close to unlock $385/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $2,516/mo, and a $2,031/mo payment keeps the spread at $32/mo. Purchase price stands at $414,900, and rental yield measures 7.28% with $2,516/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 104.11% and total cumulative return in cash records $143,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,516/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 1900
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37402, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,435 (100%) |
| Owner Occupied HU | 256 ( 7.5%) |
| Renter Occupied HU | 2,828 (82.3%) |
| Vacant Housing Units | 351 (10.2%) |
| Median Home Value | $433,000 |
| Average Home Value | $573,207 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
1,873
Multi-Family
1,716
Businesses
984
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Listed by: Carson Carter • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523371