1404 Slayton StChattanoogaTN37408
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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
Rental property for sale in Chattanooga at 1404 Slayton St, Chattanooga, TN, 37408 generates $3,268/mo in rent and, after a $2,374/mo payment, leaves $365/mo in cash flow. Total monthly income is $3,268/mo, and annual cash flow is $4,374/yr on $160,778 invested. Return on cash invested sits at 22.63% in year one, and rental yield is 8.09% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 117.17% and total cumulative return in cash sums $188,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,268/mo property income rather than buyer’s personal income.
Townhouse
Built in 2019
860 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: Ashley K Burns • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519154