244 W 18th StChattanoogaTN37408
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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 244 W 18th St, Chattanooga, TN, 37408 generates $3,660/mo in rent, after a $3,524/mo payment. Total monthly income is $3,660/mo. Return on cash invested sits at 16.77% in year one, and rental yield is 6.1% on a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation builds toward $198,895 over five years. Five-year ROI reaches 85.71% and total cumulative return in cash sums $203,003. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,660/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
1,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37408, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 556 (19.3%) |
| Renter Occupied HU | 1,689 (58.7%) |
| Vacant Housing Units | 632 (22.0%) |
| Median Home Value | $452,147 |
| Average Home Value | $509,573 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,480
Multi-Family
234
Businesses
616
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Listed by: Katrina Morrow • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1525026