389 Quartz DrChickamaugaGA30707
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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 Chickamauga at 389 Quartz Dr, Chickamauga, GA, 30707 priced at $479,750 converts $4,591/mo rent into $1,650/mo cash flow after a $2,348/mo obligation. Total monthly income equals $4,591/mo, and annual cash flow totals $19,806/yr on $159,037 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 11.48% against a $479,750 entry. Equity gained on principal adds $3,096/yr, while 5% annual appreciation compiles into $132,546 by year five. Five-year ROI reaches 169.55% and total cumulative return in cash sums $269,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,591/mo property income covering a $2,348/mo payment, not borrower’s personal income.
Single Family
Built in 2022
10,018 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30707, Chickamauga, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 5,069 (73.1%) |
| Renter Occupied HU | 1,199 (17.3%) |
| Vacant Housing Units | 663 ( 9.6%) |
| Median Home Value | $287,662 |
| Average Home Value | $326,253 |
Housing Distribution
Address Breakdown
Residential
6,599
Single Family
6,499
Multi-Family
100
Businesses
271
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Listed by: Justin Tate • Real Estate Partners Chattanooga LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1394387
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2024 by Chattanooga Association of REALTORS