191 Chestnut St APT 602ChattanoogaTN37402
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 191 Chestnut St APT 602, Chattanooga, TN, 37402 projects strong ROI of 1.11%. Rental yield 1.55%. With 5% annual appreciation, the property builds $649,262 in value over five years. Equity growth combined delivers a projected five-year ROI of 2.31%, translating into $17,625 in total cumulative return on $761,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$1,195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37402, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,435 (100%) |
| Owner Occupied HU | 256 ( 7.5%) |
| Renter Occupied HU | 2,828 (82.3%) |
| Vacant Housing Units | 351 (10.2%) |
| Median Home Value | $433,000 |
| Average Home Value | $573,207 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
1,873
Multi-Family
1,716
Businesses
984
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Listed by: Linda Brock • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515185
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS