1301 Prater RdChattanoogaTN37412
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
Rental property for sale in Chattanooga at 1301 Prater Rd, Chattanooga, TN, 37412 generates $2,220/mo in rent and, after a $1,698/mo payment, leaves $143/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $1,718/yr on $115,031 invested. Return on cash invested sits at 21.4% in year one, and rental yield is 7.68% on a $347,000 entry. Equity gained on principal adds $2,239/yr, while 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 110.62% and total cumulative return in cash sums $127,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37412, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,355 (100%) |
| Owner Occupied HU | 5,589 (54.0%) |
| Renter Occupied HU | 4,051 (39.1%) |
| Vacant Housing Units | 715 ( 6.9%) |
| Median Home Value | $225,861 |
| Average Home Value | $310,574 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,327
Multi-Family
1,596
Businesses
885
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Listed by: Eric Tidmore • 1 Percent Lists Scenic City
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526730