345 Potter Place Rd NWCharlestonTN37310
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 Charleston at 345 Potter Place Rd NW, Charleston, TN, 37310 generates $2,587/mo in rent, after a $3,181/mo payment. Total monthly income is $2,587/mo. Return on cash invested sits at 12.75% in year one, and rental yield is 4.78% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 64.13% and total cumulative return in cash sums $137,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,587/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
5.30 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jody Gatlin • Bender Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1527241