518 E Manning StChattanoogaTN37405
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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 518 E Manning St, Chattanooga, TN, 37405 with 5% annual appreciation on a $375,000 basis while $2,540/mo rent supports operations. Total monthly income totals $2,540/mo and a $1,835/mo payment preserves $296/mo for cash returns. Annual cash flow comes to $3,547/yr on $124,313 deployed, and return on cash invested reaches 22.76% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.13%. Five-year ROI measures 117.89% and total cumulative return in cash totals $146,547.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,540/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1920
7,840 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: Vincent Trapani • Lifestyles Realty Tennessee, Inc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1525256