1603 Fagan St #204ChattanoogaTN37404
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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
Total monthly income runs $2,024/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 6.94% with $2,024/mo rent. Return on cash invested shows 19.17% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 98.63% and total cumulative return in cash records $114,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A 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: Brian Kelly • Real Broker
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524901