7302 Faye AveChattanoogaTN37421
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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 7302 Faye Ave, Chattanooga, TN, 37421 generates $3,230/mo in rent and, after a $1,640/mo payment, leaves $1,224/mo in cash flow. Total monthly income is $3,230/mo, and annual cash flow is $14,691/yr on $111,053 invested. Return on cash invested sits at 33.14% in year one, and rental yield is 11.57% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 173.54% and total cumulative return in cash sums $192,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,230/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.60 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: Megan Summers • Better Homes and Gardens Real Estate Signature Brokers
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519445