299 Cherry StChattanoogaTN37403
Nearby investment properties with comparable rents
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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 299 Cherry St, Chattanooga, TN, 37403 with 5% annual appreciation on a $1,850,000 basis while $3,864/mo rent supports operations. 27% in year one. Equity gained on principal adds $11,938/yr, and five-year appreciation sums $511,121 alongside rental yield of 2.51%. Five-year ROI measures 24.2% and total cumulative return in cash totals $145,045. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,864/mo property income versus a $9,055/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2005
3,484 sqft lot
$N/A/sqft
$4,000 annually 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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Nearby investment properties with comparable prices
Listed by: Linda Brock • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1510468
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