480 Double Play Dr #107ChattanoogaTN37421
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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
Investment property for sale in Chattanooga at 480 Double Play Dr #107, Chattanooga, TN, 37421 uses $141,849 cash to close to unlock $2,987/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $2,810/mo, and a $2,094/mo payment keeps the spread at $249/mo. Purchase price stands at $427,900, and rental yield measures 7.88% with $2,810/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $118,221 over five years. Five-year ROI reaches 113.85% and total cumulative return in cash records $161,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,810/mo property income covering a $2,094/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
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Listed by: Bill Panebianco • Pratt Homes, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521851