7216 Old Bug LnOoltewahTN37363
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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 Ooltewah at 7216 Old Bug Ln, Ooltewah, TN, 37363 earns $566/mo cash flow from $3,034/mo rent with a $2,018/mo payment. Total monthly income totals $3,034/mo, and annual cash flow totals $6,792/yr on $136,644 capital. ROI tracks 24.88% on current figures, and rental yield reads 8.83% at a $412,200 purchase. Equity gained on principal adds $2,660/yr, and 5% annual appreciation supports $113,883 over five years. Five-year ROI reaches 129.27% and total cumulative return in cash sums $176,634. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,034/mo property income instead of your personal income.
Single Family
Built in 2022
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37363, Ooltewah, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,885 (100%) |
| Owner Occupied HU | 12,894 (72.1%) |
| Renter Occupied HU | 3,742 (20.9%) |
| Vacant Housing Units | 1,249 ( 7.0%) |
| Median Home Value | $385,069 |
| Average Home Value | $432,465 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
16,798
Multi-Family
861
Businesses
805
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