311 Durham StSoddy DaisyTN37379
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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 Soddy Daisy at 311 Durham St, Soddy Daisy, TN, 37379 priced at $294,000 converts $2,233/mo rent into $473/mo cash flow after a $1,439/mo obligation. Total monthly income equals $2,233/mo, and annual cash flow totals $5,677/yr on $97,461 invested. Return on cash invested prints 25.73% in year one, and rental yield reads 9.11% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 133.85% and total cumulative return in cash sums $130,452. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,233/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37379, Soddy Daisy, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,519 (100%) |
| Owner Occupied HU | 9,900 (79.1%) |
| Renter Occupied HU | 1,938 (15.5%) |
| Vacant Housing Units | 681 ( 5.4%) |
| Median Home Value | $378,786 |
| Average Home Value | $416,557 |
Housing Distribution
Address Breakdown
Residential
12,263
Single Family
12,097
Multi-Family
166
Businesses
392
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Listed by: Jeremy R Callahan • EXP Realty LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524334