3608 Maiden DrChattanoogaTN37412
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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 3608 Maiden Dr, Chattanooga, TN, 37412 uses $95,472 cash to close to unlock $2,695/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,949/mo, and a $1,410/mo payment keeps the spread at $225/mo. Purchase price stands at $288,000, and rental yield measures 8.12% with $1,949/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $79,569 over five years. Five-year ROI reaches 117.74% and total cumulative return in cash records $112,404. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,949/mo property income covering a $1,410/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.26 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: Jonathan Minerick • Homecoin.com
Mls Name: East Tennessee Realtors
Mls ID: #1311399