1609 Roanoke AveChattanoogaTN37406
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 1609 Roanoke Ave, Chattanooga, TN, 37406 earns $607/mo cash flow from $1,888/mo rent with a $1,047/mo payment. Total monthly income totals $1,888/mo, and annual cash flow totals $7,289/yr on $70,941 capital. ROI tracks 30.18% on current figures, and rental yield reads 10.59% at a $214,000 purchase. Equity gained on principal adds $1,381/yr, and 5% annual appreciation supports $59,124 over five years. Five-year ROI reaches 157.7% and total cumulative return in cash sums $111,875. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,888/mo property income instead of your personal income.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37406, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 2,684 (43.4%) |
| Renter Occupied HU | 2,840 (46.0%) |
| Vacant Housing Units | 654 (10.6%) |
| Median Home Value | $224,742 |
| Average Home Value | $284,553 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,242
Multi-Family
172
Businesses
714
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Listed by: Brooke Littell • EXP Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519942