216 Booth RdChattanoogaTN37411
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 216 Booth Rd, Chattanooga, TN, 37411 priced at $188,500 pairs $1,244/mo rent with $115/mo cash flow after a $923/mo payment. Total monthly income equals $1,244/mo, and annual cash flow comes to $1,383/yr on $62,488 invested. Return on cash invested is 22.12% in year one, and rental yield stands at 7.92% on a $188,500 basis. Equity gained on principal adds $1,216/yr, and 5% annual appreciation accumulates to $52,079 by year five. Five-year ROI measures 114.53% and total cumulative return in cash reaches $71,565. For financing, Ziffy Mortgage’s DSCR program evaluates $1,244/mo property income against a $923/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
1,158 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
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Listed by: Shirley Davenport • Zach Taylor - Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1525964