615 Midland PikeChattanoogaTN37411
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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 615 Midland Pike, Chattanooga, TN, 37411 priced at $350,000 pairs $2,418/mo rent with $323/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,418/mo, and annual cash flow comes to $3,875/yr on $116,025 invested. Return on cash invested is 23.25% in year one, and rental yield stands at 8.29% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 120.48% and total cumulative return in cash reaches $139,790. For financing, Ziffy Mortgage’s DSCR program evaluates $2,418/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37411, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,412 (100%) |
| Owner Occupied HU | 4,672 (55.5%) |
| Renter Occupied HU | 3,130 (37.2%) |
| Vacant Housing Units | 610 ( 7.3%) |
| Median Home Value | $281,716 |
| Average Home Value | $363,201 |
Housing Distribution
Address Breakdown
Residential
8,252
Single Family
7,833
Multi-Family
419
Businesses
662
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Listed by: Marti P Rutherford • Coldwell Banker Pryor Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1520195