517 Iron Wood TrlChattanoogaTN37421
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 517 Iron Wood Trl, Chattanooga, TN, 37421 priced at $1,450,000 converts $4,427/mo rent into after a $7,097/mo obligation. Total monthly income equals $4,427/mo. Return on cash invested prints 9.51% in year one, and rental yield reads 3.66% against a $1,450,000 entry. Equity gained on principal adds $9,357/yr, while 5% annual appreciation compiles into $400,608 by year five. Five-year ROI reaches 46.69% and total cumulative return in cash sums $219,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,427/mo property income covering a $7,097/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.47 Acres 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: Niki Chambers • Horizon Sotheby's International Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519800