601 Parlem DrChattanoogaTN37415
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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 601 Parlem Dr, Chattanooga, TN, 37415 generates $2,207/mo in rent and, after a $1,713/mo payment, leaves $112/mo in cash flow. Total monthly income is $2,207/mo, and annual cash flow is $1,344/yr on $115,992 invested. Return on cash invested sits at 21.07% in year one, and rental yield is 7.57% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 108.83% and total cumulative return in cash sums $126,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,207/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Hannah Cothron • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520477