3240 Waterfront DrChattanoogaTN37419
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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
Investment property for sale in Chattanooga at 3240 Waterfront Dr, Chattanooga, TN, 37419 offers a 6.11% rental yield on a $699,000 purchase with $3,560/mo rent. 8% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 85.88% and total cumulative return in cash at $197,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,560/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37419, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,122 (100%) |
| Owner Occupied HU | 2,201 (70.5%) |
| Renter Occupied HU | 626 (20.1%) |
| Vacant Housing Units | 295 ( 9.4%) |
| Median Home Value | $384,831 |
| Average Home Value | $461,545 |
Housing Distribution
Address Breakdown
Residential
3,076
Single Family
3,073
Multi-Family
3
Businesses
213
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Listed by: Michael Daniel • Southeastern Land Group
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520157