3538 Claremont AveChattanoogaTN37412
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
Investment property for sale in Chattanooga at 3538 Claremont Ave, Chattanooga, TN, 37412 uses $84,533 cash to close to unlock $3,488/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $1,817/mo, and a $1,248/mo payment keeps the spread at $291/mo. Purchase price stands at $255,000, and rental yield measures 8.55% with $1,817/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 124.72% and total cumulative return in cash records $105,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,817/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37412, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,355 (100%) |
| Owner Occupied HU | 5,589 (54.0%) |
| Renter Occupied HU | 4,051 (39.1%) |
| Vacant Housing Units | 715 ( 6.9%) |
| Median Home Value | $225,861 |
| Average Home Value | $310,574 |
Housing Distribution
Address Breakdown
Residential
9,923
Single Family
8,327
Multi-Family
1,596
Businesses
885
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Listed by: Drew Carey • EXP Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518577