800 Reads Lake Rd #317ChattanoogaTN37415
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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 Chattanooga at 800 Reads Lake Rd #317, Chattanooga, TN, 37415 uses $59,670 cash to close to unlock $3,342/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $881/mo payment keeps the spread at $279/mo. Purchase price stands at $180,000, and rental yield measures 9.04% with $1,356/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 132.64% and total cumulative return in cash records $79,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37415, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,295 (100%) |
| Owner Occupied HU | 6,857 (55.8%) |
| Renter Occupied HU | 4,589 (37.3%) |
| Vacant Housing Units | 849 ( 6.9%) |
| Median Home Value | $338,799 |
| Average Home Value | $401,665 |
Housing Distribution
Address Breakdown
Residential
12,401
Single Family
10,094
Multi-Family
2,307
Businesses
880
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Listed by: Tonjia Landreth • Bridge City Realty, LLC
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524125