2813 Nile RdChattanoogaTN37421
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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 2813 Nile Rd, Chattanooga, TN, 37421 priced at $349,900 pairs $2,833/mo rent with $738/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,833/mo, and annual cash flow comes to $8,856/yr on $115,992 invested. Return on cash invested is 27.54% in year one, and rental yield stands at 9.72% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 143.56% and total cumulative return in cash reaches $166,518. For financing, Ziffy Mortgage’s DSCR program evaluates $2,833/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
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Listed by: Sabrena Smedley • Sabrena Realty Associates LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522509