1587 Adams StChattanoogaTN37408
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 1587 Adams St, Chattanooga, TN, 37408 earns $318/mo cash flow from $2,922/mo rent with a $2,129/mo payment. Total monthly income totals $2,922/mo, and annual cash flow totals $3,817/yr on $144,203 capital. ROI tracks 22.56% on current figures, and rental yield reads 8.06% at a $435,000 purchase. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash sums $168,420. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,922/mo property income instead of your personal income.
Townhouse
Built in 2023
N/A 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: Ryan May • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1512827