2518 Bailey AveChattanoogaTN37404
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
Rental property for sale in Chattanooga at 2518 Bailey Ave, Chattanooga, TN, 37404 priced at $339,500 converts $2,060/mo rent into $27/mo cash flow after a $1,662/mo obligation. Total monthly income equals $2,060/mo, and annual cash flow totals $329/yr on $112,544 invested. Return on cash invested prints 20.2% in year one, and rental yield reads 7.28% against a $339,500 entry. Equity gained on principal adds $2,191/yr, while 5% annual appreciation compiles into $93,798 by year five. Five-year ROI reaches 104.17% and total cumulative return in cash sums $117,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,060/mo property income covering a $1,662/mo payment, not borrower’s personal income.
Single Family
Built in 1910
6,098 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: Jeffrey Harrell • United Real Estate Experts
Mls Name: Greater Chattanooga Realtors
Mls ID: #1512818
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