202 Morningside DrChattanoogaTN37404
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
Rental property for sale in Chattanooga at 202 Morningside Dr, Chattanooga, TN, 37404 priced at $459,000 pairs $2,170/mo rent with after a $2,247/mo payment. Total monthly income equals $2,170/mo. Return on cash invested is 15.35% in year one, and rental yield stands at 5.67% on a $459,000 basis. Equity gained on principal adds $2,962/yr, and 5% annual appreciation accumulates to $126,813 by year five. Five-year ROI measures 78.12% and total cumulative return in cash reaches $118,871. For financing, Ziffy Mortgage’s DSCR program evaluates $2,170/mo property income against a $2,247/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37404, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 2,247 (35.3%) |
| Renter Occupied HU | 3,113 (48.9%) |
| Vacant Housing Units | 1,005 (15.8%) |
| Median Home Value | $315,517 |
| Average Home Value | $357,110 |
Housing Distribution
Address Breakdown
Residential
5,304
Single Family
5,078
Multi-Family
226
Businesses
737
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Nearby investment properties with comparable prices
Listed by: Matthew Silliman • Century 21 Prestige
Mls Name: Greater Chattanooga Realtors
Mls ID: #1510864
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