7108 Old Cleveland Pike #3ChattanoogaTN37421
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
Investment property for sale in Chattanooga at 7108 Old Cleveland Pike #3, Chattanooga, TN, 37421 earns $767/mo cash flow from $2,981/mo rent with a $1,810/mo payment. Total monthly income totals $2,981/mo, and annual cash flow totals $9,206/yr on $122,622 capital. ROI tracks 27.42% on current figures, and rental yield reads 9.67% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 142.86% and total cumulative return in cash sums $175,174. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,981/mo property income instead of your personal income.
Single Family
Built in 2025
0.48 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
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Listed by: Peter Cory • Cory Realty, llc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1521256