3610 Premium DrChattanoogaTN37415
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 3610 Premium Dr, Chattanooga, TN, 37415 offers $1,874/mo rent that, after a $1,713/mo payment. Total monthly income is $1,874/mo. Return on cash invested measures 17.62% in year one, and rental yield stands at 6.43% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 90.35% and total cumulative return in cash reaches $104,802. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,874/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Anthony D Fears • United Real Estate Experts
Mls Name: Greater Chattanooga Realtors
Mls ID: #1512049