1608 Firelight WayOoltewahTN37363
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
Rental property for sale in Ooltewah at 1608 Firelight Way, Ooltewah, TN, 37363 offers $3,540/mo rent that, after a $3,569/mo payment. Total monthly income is $3,540/mo. Return on cash invested measures 15.93% in year one, and rental yield stands at 5.83% at a $729,224 entry. Equity gained on principal adds $4,706/yr while 5% annual appreciation compounds into $201,471 by year five. Five-year ROI records 81.21% and total cumulative return in cash reaches $194,843. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,540/mo property income versus a $3,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37363, Ooltewah, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,885 (100%) |
| Owner Occupied HU | 12,894 (72.1%) |
| Renter Occupied HU | 3,742 (20.9%) |
| Vacant Housing Units | 1,249 ( 7.0%) |
| Median Home Value | $385,069 |
| Average Home Value | $432,465 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
16,798
Multi-Family
861
Businesses
805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
