3109 Rockmeade DrChattanoogaTN37411
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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 3109 Rockmeade Dr, Chattanooga, TN, 37411 uses $82,544 cash to close to unlock $2,306/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,683/mo, and a $1,219/mo payment keeps the spread at $192/mo. Purchase price stands at $249,000, and rental yield measures 8.11% with $1,683/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 117.61% and total cumulative return in cash records $97,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,683/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,969 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
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Listed by: Sarah E Brogdon • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518582