251 Walnut StChattanoogaTN37403
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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 251 Walnut St, Chattanooga, TN, 37403 generates $6,836/mo in rent, after a $7,317/mo payment. Total monthly income is $6,836/mo. Return on cash invested sits at 15.14% in year one, and rental yield is 5.49% on a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 76.86% and total cumulative return in cash sums $372,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,836/mo property income rather than buyer’s personal income.
Townhouse
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37403, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 533 (20.4%) |
| Renter Occupied HU | 1,557 (59.7%) |
| Vacant Housing Units | 520 (19.9%) |
| Median Home Value | $441,011 |
| Average Home Value | $520,038 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,022
Multi-Family
699
Businesses
401
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Listed by: Kevin H Wamack • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526316