509 E 16th StChattanoogaTN37408
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 509 E 16th St, Chattanooga, TN, 37408 uses $157,463 cash to close to unlock $3,486/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $3,134/mo, and a $2,325/mo payment keeps the spread at $290/mo. Purchase price stands at $475,000, and rental yield measures 7.92% with $3,134/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 114.45% and total cumulative return in cash records $180,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,134/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 2009
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37408, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 556 (19.3%) |
| Renter Occupied HU | 1,689 (58.7%) |
| Vacant Housing Units | 632 (22.0%) |
| Median Home Value | $452,147 |
| Average Home Value | $509,573 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,480
Multi-Family
234
Businesses
616
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Listed by: Caroline C Hetzler • Merchant Real Estate Group
Mls Name: Greater Chattanooga Realtors
Mls ID: #1515838