516 E Manning StChattanoogaTN37405
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
Rental property for sale in Chattanooga at 516 E Manning St, Chattanooga, TN, 37405 priced at $295,000 converts $1,799/mo rent into $33/mo cash flow after a $1,444/mo obligation. Total monthly income equals $1,799/mo, and annual cash flow totals $396/yr on $97,793 invested. Return on cash invested prints 20.31% in year one, and rental yield reads 7.32% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 104.73% and total cumulative return in cash sums $102,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,799/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1949
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vincent Trapani • Lifestyles Realty Tennessee, Inc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520700