4620 Saint Elmo AveChattanoogaTN37409
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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 4620 Saint Elmo Ave, Chattanooga, TN, 37409 earns from $3,625/mo rent with a $3,573/mo payment. Total monthly income totals $3,625/mo. ROI tracks 16.34% on current figures, and rental yield reads 5.96% at a $729,900 purchase. Equity gained on principal adds $4,710/yr, and 5% annual appreciation supports $201,658 over five years. Five-year ROI reaches 83.43% and total cumulative return in cash sums $200,347. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,625/mo property income instead of your personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37409, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,344 (100%) |
| Owner Occupied HU | 797 (59.3%) |
| Renter Occupied HU | 398 (29.6%) |
| Vacant Housing Units | 149 (11.1%) |
| Median Home Value | $346,223 |
| Average Home Value | $380,775 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,332
Multi-Family
21
Businesses
287
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Listed by: Charity Martin • The Group Real Estate Brokerage
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520234