1615 Fagan St UNIT 103ChattanoogaTN37408
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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 1615 Fagan St UNIT 103, Chattanooga, TN, 37408 listed at $329,000 pairs $2,708/mo rent with a $1,610/mo payment to leave $739/mo cash flow. Total monthly income runs $2,708/mo, and annual cash flow reaches $8,866/yr on $109,064 cash to close. Return on cash invested measures 28.04% in year one, and rental yield registers 9.88% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 146.16% and total cumulative return in cash totals $159,405. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,708/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
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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Nearby investment properties with comparable prices
Listed by: Nathan Watts • Zach Taylor - Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526416