310 Ridgeway DrChattanoogaTN37415
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 310 Ridgeway Dr, Chattanooga, TN, 37415 priced at $442,400 converts $3,010/mo rent into $362/mo cash flow after a $2,165/mo obligation. Total monthly income equals $3,010/mo, and annual cash flow totals $4,345/yr on $146,656 invested. Return on cash invested prints 22.87% in year one, and rental yield reads 8.16% against a $442,400 entry. Equity gained on principal adds $2,855/yr, while 5% annual appreciation compiles into $122,227 by year five. Five-year ROI reaches 118.48% and total cumulative return in cash sums $173,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,010/mo property income covering a $2,165/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindi Arendale • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516065