224 Shady Ridge LnChattanoogaTN37405
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 224 Shady Ridge Ln, Chattanooga, TN, 37405 priced at $925,000 pairs $3,305/mo rent with after a $4,527/mo payment. Total monthly income equals $3,305/mo. Return on cash invested is 11.26% in year one, and rental yield stands at 4.29% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 56.17% and total cumulative return in cash reaches $170,929. For financing, Ziffy Mortgage’s DSCR program evaluates $3,305/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
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Listed by: Todd Henon • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515098