2300 Olive StChattanoogaTN37406
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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 2300 Olive St, Chattanooga, TN, 37406 uses $58,013 cash to close to unlock $4,272/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $1,404/mo, and a $857/mo payment keeps the spread at $356/mo. Purchase price stands at $175,000, and rental yield measures 9.63% with $1,404/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 142.06% and total cumulative return in cash records $82,411. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,404/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,500 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
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Listed by: Tenesha Irvin • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519540