1414 Continental Dr APT 302ChattanoogaTN37405
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 1414 Continental Dr APT 302, Chattanooga, TN, 37405 generates $1,951/mo in rent and, after a $1,272/mo payment, leaves $395/mo in cash flow. Total monthly income is $1,951/mo, and annual cash flow is $4,743/yr on $86,157 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.01% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash sums $113,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,951/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa D Congioloso • Keller Williams Ridge to River
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523535