1659 Hamlet DrChattanoogaTN37421
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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 $1,551/mo, and a $3,230/mo payment. Purchase price stands at $660,000, and rental yield measures 2.82% with $1,551/mo rent. Return on cash invested shows 6.8% in year one, and 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 32.25% and total cumulative return in cash records $70,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,551/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Multi Family
Built in 1972
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
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Listed by: Kimberly Cunningham • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518573