408 Broughton StChattanoogaTN37411
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 408 Broughton St, Chattanooga, TN, 37411 uses $94,610 cash to close to unlock $1,517/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,835/mo, and a $1,397/mo payment keeps the spread at $126/mo. Purchase price stands at $285,400, and rental yield measures 7.72% with $1,835/mo rent. Return on cash invested shows 21.51% in year one, and 5% annual appreciation builds toward $78,851 over five years. Five-year ROI reaches 111.2% and total cumulative return in cash records $105,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,835/mo property income covering a $1,397/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A