1318 Top StChattanoogaTN37408
Nearby investment properties with comparable rents
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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
Rental property for sale in Chattanooga at 1318 Top St, Chattanooga, TN, 37408 generates $2,336/mo in rent and, after a $1,395/mo payment, leaves $630/mo in cash flow. Total monthly income is $2,336/mo, and annual cash flow is $7,559/yr on $94,477 invested. Return on cash invested sits at 27.91% in year one, and rental yield is 9.84% on a $284,999 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 145.48% and total cumulative return in cash sums $137,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,336/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37408, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 556 (19.3%) |
| Renter Occupied HU | 1,689 (58.7%) |
| Vacant Housing Units | 632 (22.0%) |
| Median Home Value | $452,147 |
| Average Home Value | $509,573 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,480
Multi-Family
234
Businesses
616
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Listed by: Angela M Fowler • Angela Fowler Real Estate, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518716