523 Hedgewood DrChattanoogaTN37405
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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 523 Hedgewood Dr, Chattanooga, TN, 37405 priced at $325,000 pairs $2,189/mo rent with $243/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,189/mo, and annual cash flow comes to $2,919/yr on $107,738 invested. Return on cash invested is 22.62% in year one, and rental yield stands at 8.08% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 117.14% and total cumulative return in cash reaches $126,205. For financing, Ziffy Mortgage’s DSCR program evaluates $2,189/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.37 Acres 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: Greater Chattanooga Realtors
Mls ID: #1512164