1309 Spring Creek 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
Investment property for sale in Chattanooga at 1309 Spring Creek Rd, Chattanooga, TN, 37412 earns $494/mo cash flow from $2,140/mo rent with a $1,346/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $5,925/yr on $91,163 capital. ROI tracks 26.41% on current figures, and rental yield reads 9.34% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 137.44% and total cumulative return in cash sums $125,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
Single Family
Built in 1945
8,276 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: Kevin Jennings • Real Broker
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518234