509 Eaves PlChattanoogaTN37405
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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
Rental property for sale in Chattanooga at 509 Eaves Pl, Chattanooga, TN, 37405 priced at $1,065,000 converts $2,334/mo rent into after a $5,213/mo obligation. Total monthly income equals $2,334/mo. Return on cash invested prints 6.31% in year one, and rental yield reads 2.63% against a $1,065,000 entry. Equity gained on principal adds $6,872/yr, while 5% annual appreciation compiles into $294,240 by year five. Five-year ROI reaches 29.58% and total cumulative return in cash sums $102,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,334/mo property income covering a $5,213/mo payment, not borrower’s personal income.
Multi Family
Built in 2023
8,841 sqft 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
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Listed by: Drew Carey • EXP Realty LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2982059