2607 Andrews StChattanoogaTN37406
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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 2607 Andrews St, Chattanooga, TN, 37406 uses $59,339 cash to close to unlock $2,587/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,287/mo, and a $876/mo payment keeps the spread at $216/mo. Purchase price stands at $179,000, and rental yield measures 8.63% with $1,287/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 125.99% and total cumulative return in cash records $74,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,287/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37406, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,178 (100%) |
| Owner Occupied HU | 2,684 (43.4%) |
| Renter Occupied HU | 2,840 (46.0%) |
| Vacant Housing Units | 654 (10.6%) |
| Median Home Value | $224,742 |
| Average Home Value | $284,553 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,242
Multi-Family
172
Businesses
714
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Listed by: Vincent Trapani • Lifestyles Realty Tennessee, Inc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521674