7524 Eric 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
Investment property for sale in Chattanooga at 7524 Eric Dr, Chattanooga, TN, 37421 offers a 10.27% rental yield on a $220,000 purchase with $1,882/mo rent. Total monthly income registers $1,882/mo, and a $1,077/mo payment leaves $565/mo available for distribution. Annual cash flow reaches $6,778/yr on $72,930 to close, and return on cash invested stands at 29.2% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 152.43% and total cumulative return in cash at $111,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,882/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1993
2,613 sqft 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: Darren Etengoff • Compass Tennessee
Mls Name: Greater Chattanooga Realtors
Mls ID: #1517443