3117 Saint Elmo AveChattanoogaTN37408
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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 3117 Saint Elmo Ave, Chattanooga, TN, 37408 earns $535/mo cash flow from $2,924/mo rent with a $1,953/mo payment. Total monthly income totals $2,924/mo, and annual cash flow totals $6,425/yr on $132,269 capital. ROI tracks 24.77% on current figures, and rental yield reads 8.79% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 128.63% and total cumulative return in cash sums $170,138. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,924/mo property income instead of your personal income.
Townhouse
Built in 2017
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37408, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 556 (19.3%) |
| Renter Occupied HU | 1,689 (58.7%) |
| Vacant Housing Units | 632 (22.0%) |
| Median Home Value | $452,147 |
| Average Home Value | $509,573 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,480
Multi-Family
234
Businesses
616
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Listed by: Brieanne Maya • Crye-Leike, REALTORS
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522072