2118 Bailey AveChattanoogaTN37404
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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
Investment property for sale in Chattanooga at 2118 Bailey Ave, Chattanooga, TN, 37404 earns $199/mo cash flow from $1,845/mo rent with a $1,346/mo payment. Total monthly income totals $1,845/mo, and annual cash flow totals $2,385/yr on $91,163 capital. ROI tracks 22.53% on current figures, and rental yield reads 8.05% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 116.61% and total cumulative return in cash sums $106,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,845/mo property income instead of your personal income.
Single Family
Built in 1925
6,534 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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Listed by: Mac Hibbett • Crye-Leike, REALTORS
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520954