308 Gillespie RdChattanoogaTN37411
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 308 Gillespie Rd, Chattanooga, TN, 37411 generates $1,190/mo in rent, after a $1,463/mo payment. Total monthly income is $1,190/mo. Return on cash invested sits at 12.65% in year one, and rental yield is 4.78% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 63.68% and total cumulative return in cash sums $63,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,190/mo property income rather than buyer’s personal income.
Multi Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James L Grisard • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1513692
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS