623 Hamilton AveChattanoogaTN37405
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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 623 Hamilton Ave, Chattanooga, TN, 37405 earns $58/mo cash flow from $3,350/mo rent with a $2,692/mo payment. Total monthly income totals $3,350/mo, and annual cash flow totals $691/yr on $180,950 capital. ROI tracks 20.44% on current figures, and rental yield reads 7.31% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 105.4% and total cumulative return in cash sums $190,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,350/mo property income instead of your personal income.
Townhouse
Built in 2010
3,049 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: Drew Courtney • EXP Realty LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519864