1515 Old Ringgold RdChattanoogaTN37404
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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 1515 Old Ringgold Rd, Chattanooga, TN, 37404 offers $2,545/mo rent that, after a $1,463/mo payment, leaves $756/mo cash flow. Total monthly income is $2,545/mo, and annual cash flow is $9,067/yr on $99,119 cash. Return on cash invested measures 29.06% in year one, and rental yield stands at 10.21% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 151.63% and total cumulative return in cash reaches $150,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,545/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,583 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: Gabe Cartwright • Century 21 1st Choice Realtors
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524020