1501 Vance AveChattanoogaTN37404
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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
Investment property for sale in Chattanooga at 1501 Vance Ave, Chattanooga, TN, 37404 offers a 9.15% rental yield on a $449,000 purchase with $3,424/mo rent. Total monthly income registers $3,424/mo, and a $2,198/mo payment leaves $736/mo available for distribution. Annual cash flow reaches $8,830/yr on $148,844 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 134.38% and total cumulative return in cash at $200,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,424/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37404, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 2,247 (35.3%) |
| Renter Occupied HU | 3,113 (48.9%) |
| Vacant Housing Units | 1,005 (15.8%) |
| Median Home Value | $315,517 |
| Average Home Value | $357,110 |
Housing Distribution
Address Breakdown
Residential
5,304
Single Family
5,078
Multi-Family
226
Businesses
737
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Listed by: Drew Carey • EXP Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522610