2316 Mark LnChattanoogaTN37421
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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 2316 Mark Ln, Chattanooga, TN, 37421 listed at $320,000 pairs $2,327/mo rent with a $1,566/mo payment to leave $412/mo cash flow. Total monthly income runs $2,327/mo, and annual cash flow reaches $4,940/yr on $106,080 cash to close. Return on cash invested measures 24.57% in year one, and rental yield registers 8.73% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 127.55% and total cumulative return in cash totals $135,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,327/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
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Listed by: Guy Fain • EXP Realty LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1527574