2115 Riverside DrChattanoogaTN37406
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 2115 Riverside Dr, Chattanooga, TN, 37406 generates $1,927/mo in rent and, after a $959/mo payment, leaves $754/mo in cash flow. Total monthly income is $1,927/mo, and annual cash flow is $9,048/yr on $64,974 invested. Return on cash invested sits at 33.84% in year one, and rental yield is 11.8% on a $196,000 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 177.3% and total cumulative return in cash sums $115,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37406, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 2,684 (43.4%) |
| Renter Occupied HU | 2,840 (46.0%) |
| Vacant Housing Units | 654 (10.6%) |
| Median Home Value | $224,742 |
| Average Home Value | $284,553 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,242
Multi-Family
172
Businesses
714
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Kellerhals • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1527992