3321 Elder Mountain RdChattanoogaTN37419
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 3321 Elder Mountain Rd, Chattanooga, TN, 37419 generates $2,051/mo in rent and, after a $1,346/mo payment, leaves $406/mo in cash flow. Total monthly income is $2,051/mo, and annual cash flow is $4,871/yr on $91,129 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 8.95% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 131.24% and total cumulative return in cash sums $119,595. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.34 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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Nearby investment properties with comparable prices
Listed by: Jonathan Campbell • Exit Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524335