2402 Briggs AveChattanoogaTN37415
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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
Rental property for sale in Chattanooga at 2402 Briggs Ave, Chattanooga, TN, 37415 generates $1,346/mo in rent, after a $1,561/mo payment. Total monthly income is $1,346/mo. Return on cash invested sits at 13.52% in year one, and rental yield is 5.06% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 68.3% and total cumulative return in cash sums $72,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,346/mo property income rather than buyer’s personal income.
Multi Family
Built in 1973
107.21 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Kim Snyder • United Real Estate Experts
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526349