6613 Riggins DrChattanoogaTN37421
Nearby investment properties with comparable rents
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 6613 Riggins Dr, Chattanooga, TN, 37421 generates $2,138/mo in rent and, after a $1,463/mo payment, leaves $349/mo in cash flow. Total monthly income is $2,138/mo, and annual cash flow is $4,183/yr on $99,119 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.58% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash sums $124,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37421, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,881 (100%) |
| Owner Occupied HU | 13,361 (55.9%) |
| Renter Occupied HU | 8,968 (37.6%) |
| Vacant Housing Units | 1,552 ( 6.5%) |
| Median Home Value | $353,624 |
| Average Home Value | $388,779 |
Housing Distribution
Address Breakdown
Residential
23,398
Single Family
17,809
Multi-Family
5,589
Businesses
2,544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Nunnelly • K W Cleveland
Mls Name: Greater Chattanooga Realtors
Mls ID: #1517212