713 Black Creek DrChattanoogaTN37419
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 713 Black Creek Dr, Chattanooga, TN, 37419 offers $3,975/mo rent that, after a $4,576/mo payment. Total monthly income is $3,975/mo. Return on cash invested measures 13.73% in year one, and rental yield stands at 5.1% at a $935,000 entry. Equity gained on principal adds $6,033/yr while 5% annual appreciation compounds into $258,323 by year five. Five-year ROI records 69.43% and total cumulative return in cash reaches $213,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,975/mo property income versus a $4,576/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37419, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,122 (100%) |
| Owner Occupied HU | 2,201 (70.5%) |
| Renter Occupied HU | 626 (20.1%) |
| Vacant Housing Units | 295 ( 9.4%) |
| Median Home Value | $384,831 |
| Average Home Value | $461,545 |
Housing Distribution
Address Breakdown
Residential
3,076
Single Family
3,073
Multi-Family
3
Businesses
213
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Listed by: Jay Robinson • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523411