294 Druid LnChattanoogaTN37405
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 294 Druid Ln, Chattanooga, TN, 37405 offers $4,614/mo rent that, after a $5,374/mo payment. Total monthly income is $4,614/mo. Return on cash invested measures 13.76% in year one, and rental yield stands at 5.04% at a $1,098,000 entry. Equity gained on principal adds $7,085/yr while 5% annual appreciation compounds into $303,357 by year five. Five-year ROI records 69.52% and total cumulative return in cash reaches $247,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,614/mo property income versus a $5,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
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Listed by: Wade Trammell • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524154