2430 Dodds AveChattanoogaTN37407
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
Investment Highlights
Investment property for sale in Chattanooga at 2430 Dodds Ave, Chattanooga, TN, 37407 uses $91,163 cash to close to unlock $2,913/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,889/mo, and a $1,346/mo payment keeps the spread at $243/mo. Purchase price stands at $275,000, and rental yield measures 8.24% with $1,889/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 119.72% and total cumulative return in cash records $109,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,889/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Multi Family
Built in 2022
1.49 Acres 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
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Listed by: Theidra Swanson • REAL Broker
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524160