1601 E Main StChattanoogaTN37404
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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 1601 E Main St, Chattanooga, TN, 37404 listed at $380,000 pairs $2,929/mo rent with a $1,860/mo payment to leave $654/mo cash flow. Total monthly income runs $2,929/mo, and annual cash flow reaches $7,850/yr on $125,970 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.25% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 136.02% and total cumulative return in cash totals $171,349. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,929/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
5,662 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: Julianna Robinson • SquareOne Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516830