1966 Mitchell AveChattanoogaTN37408
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 1966 Mitchell Ave, Chattanooga, TN, 37408 in Chattanooga at $390,000 earns $2,564/mo in rent and nets $80/mo after the $1,754/mo payment, a 7.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $107,750 over five years. Ziffy Mortgage underwrites this on a 1.46 DSCR without U.S. credit history. With $3,592/yr in principal paydown, total projected return reaches $162,326.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.8% |
| Monthly Cash Flow | $80 | $420 |
City averages based on Chattanooga market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,564 |
| Total Monthly Debt Service | $2,179 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2023
8,768 sqft 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
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
Townhouse
Built in 2023
8,768 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Greater Chattanooga Realtors
Mls ID: #1525265