1502 Mike Edd LnChattanoogaTN37411
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 1502 Mike Edd Ln, Chattanooga, TN, 37411 listed at $350,000 pairs $2,007/mo rent with a $1,713/mo payment. Total monthly income runs $2,007/mo. Return on cash invested measures 19% in year one, and rental yield registers 6.88% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 97.68% and total cumulative return in cash totals $113,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,007/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
5,703 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tenesha Irvin • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518441