306 Pine Ridge RdChattanoogaTN37405
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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
Rental property for sale in Chattanooga at 306 Pine Ridge Rd, Chattanooga, TN, 37405 priced at $376,000 pairs $2,414/mo rent with $164/mo cash flow after a $1,840/mo payment. Total monthly income equals $2,414/mo, and annual cash flow comes to $1,962/yr on $124,644 invested. Return on cash invested is 21.48% in year one, and rental yield stands at 7.7% on a $376,000 basis. Equity gained on principal adds $2,426/yr, and 5% annual appreciation accumulates to $103,882 by year five. Five-year ROI measures 111.02% and total cumulative return in cash reaches $138,377. For financing, Ziffy Mortgage’s DSCR program evaluates $2,414/mo property income against a $1,840/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
1 Acres 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: Cassie King Hollis • Better Homes and Gardens Real Estate Signature Brokers
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524648