3621 Glendon DrChattanoogaTN37411
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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
Rental property for sale in Chattanooga at 3621 Glendon Dr, Chattanooga, TN, 37411 generates $3,037/mo in rent and, after a $1,591/mo payment, leaves $1,091/mo in cash flow. Total monthly income is $3,037/mo, and annual cash flow is $13,095/yr on $107,738 invested. Return on cash invested sits at 32.06% in year one, and rental yield is 11.21% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 167.78% and total cumulative return in cash sums $180,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,037/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
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Listed by: Clayton Davis • Nu Vision Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520725