2409 12th AveChattanoogaTN37407
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2409 12th Ave, Chattanooga, TN, 37407 in Chattanooga is a solid income-producing rental, 9.38% gross yield, $2,032/mo rent, $475/mo net cash flow on a $260,000 buy. DSCR 1.74 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,833 and $2,395/yr in principal reduction project a total cumulative return of $129,021.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $475 | $420 |
City averages based on Chattanooga market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,032 |
| Total Monthly Debt Service | $1,453 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37407, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,604 (100%) |
| Owner Occupied HU | 1,142 (31.7%) |
| Renter Occupied HU | 2,026 (56.2%) |
| Vacant Housing Units | 436 (12.1%) |
| Median Home Value | $114,912 |
| Average Home Value | $234,777 |
Housing Distribution
Address Breakdown
Residential
3,312
Single Family
3,312
Multi-Family
0
Businesses
408
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
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37407, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,604 (100%) |
| Owner Occupied HU | 1,142 (31.7%) |
| Renter Occupied HU | 2,026 (56.2%) |
| Vacant Housing Units | 436 (12.1%) |
| Median Home Value | $114,912 |
| Average Home Value | $234,777 |
Housing Distribution
Address Breakdown
Residential
3,312
Single Family
3,312
Multi-Family
0
Businesses
408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael D Bishop • Bishop Realty LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1527645