218 Gillespie RdChattanoogaTN37411
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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
Total monthly income runs $1,111/mo, and a $974/mo payment. Purchase price stands at $199,000, and rental yield measures 6.7% with $1,111/mo rent. Return on cash invested shows 18.45% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 94.76% and total cumulative return in cash records $62,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,111/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 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: Eric Tidmore • 1 Percent Lists Scenic City
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526305