3024 Lightfoot Mill RdChattanoogaTN37406
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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 3024 Lightfoot Mill Rd, Chattanooga, TN, 37406 listed at $320,000 pairs $2,080/mo rent with a $1,566/mo payment to leave $165/mo cash flow. Total monthly income runs $2,080/mo, and annual cash flow reaches $1,976/yr on $106,080 cash to close. Return on cash invested measures 21.77% in year one, and rental yield registers 7.8% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 112.57% and total cumulative return in cash totals $119,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,080/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.60 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: Yuliya Murnik • Award Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526674