411 Fairpoint St #308ChattanoogaTN37405
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 411 Fairpoint St #308, Chattanooga, TN, 37405 offers a 5.16% rental yield on a $520,000 purchase with $2,238/mo rent. 93% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 70.46% and total cumulative return in cash at $120,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,238/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yun H Gravitt • Coldwell Banker Pryor Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515643