305 Altoona DrChattanoogaTN37415
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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 305 Altoona Dr, Chattanooga, TN, 37415 with 5% annual appreciation on a $325,000 basis while $2,557/mo rent supports operations. Total monthly income totals $2,557/mo and a $1,591/mo payment preserves $611/mo for cash returns. Annual cash flow comes to $7,335/yr on $107,738 deployed, and return on cash invested reaches 26.72% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 9.44%. Five-year ROI measures 139.11% and total cumulative return in cash totals $149,869.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,557/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Nearby investment properties with comparable prices
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