782 Riverfront Pkwy UNIT 109ChattanoogaTN37402
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 782 Riverfront Pkwy UNIT 109, Chattanooga, TN, 37402 offers a 11.01% rental yield on a $269,000 purchase with $2,468/mo rent. Total monthly income registers $2,468/mo, and a $1,317/mo payment leaves $857/mo available for distribution. Annual cash flow reaches $10,288/yr on $89,174 to close, and return on cash invested stands at 31.45% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 164.47% and total cumulative return in cash at $146,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,468/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37402, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,435 (100%) |
| Owner Occupied HU | 256 ( 7.5%) |
| Renter Occupied HU | 2,828 (82.3%) |
| Vacant Housing Units | 351 (10.2%) |
| Median Home Value | $433,000 |
| Average Home Value | $573,207 |
Housing Distribution
Address Breakdown
Residential
3,589
Single Family
1,873
Multi-Family
1,716
Businesses
984
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Listed by: Stacy J Cooper • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526351