305 Nelson RdChattanoogaTN37421
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 305 Nelson Rd, Chattanooga, TN, 37421 offers $1,718/mo rent that, after a $1,689/mo payment. Total monthly income is $1,718/mo. Return on cash invested measures 16.26% in year one, and rental yield stands at 5.98% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 83.03% and total cumulative return in cash reaches $94,960. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,718/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.32 sqft 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: Vicki W Trapp • Crye-Leike, REALTORS
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524215