18 Sheridan RdChattanoogaTN37412
Nearby investment properties with comparable rents
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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
Rental property for sale in Chattanooga at 18 Sheridan Rd, Chattanooga, TN, 37412 priced at $329,900 converts $1,670/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,670/mo. Return on cash invested prints 16.56% in year one, and rental yield reads 6.07% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 84.61% and total cumulative return in cash sums $92,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,670/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Multi Family
Built in 1980
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37412, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,355 (100%) |
| Owner Occupied HU | 5,589 (54.0%) |
| Renter Occupied HU | 4,051 (39.1%) |
| Vacant Housing Units | 715 ( 6.9%) |
| Median Home Value | $225,861 |
| Average Home Value | $310,574 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,327
Multi-Family
1,596
Businesses
885
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Listed by: Nickie Schoonover • SquareOne Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516940