2416 Kirby AveChattanoogaTN37404
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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 2416 Kirby Ave, Chattanooga, TN, 37404 listed at $260,000 pairs $2,076/mo rent with a $1,273/mo payment to leave $519/mo cash flow. Total monthly income runs $2,076/mo, and annual cash flow reaches $6,230/yr on $86,190 cash to close. Return on cash invested measures 27.14% in year one, and rental yield registers 9.58% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 141.39% and total cumulative return in cash totals $121,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,076/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37404, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 2,247 (35.3%) |
| Renter Occupied HU | 3,113 (48.9%) |
| Vacant Housing Units | 1,005 (15.8%) |
| Median Home Value | $315,517 |
| Average Home Value | $357,110 |
Housing Distribution
Address Breakdown
Residential
5,304
Single Family
5,078
Multi-Family
226
Businesses
737
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Listed by: Jon Connors • Norluxe Realty Chattanooga llc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520436