8185 Iris RdChattanoogaTN37421
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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 8185 Iris Rd, Chattanooga, TN, 37421 listed at $415,000 pairs $2,785/mo rent with a $2,031/mo payment to leave $301/mo cash flow. Total monthly income runs $2,785/mo, and annual cash flow reaches $3,612/yr on $137,573 cash to close. Return on cash invested measures 22.53% in year one, and rental yield registers 8.05% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 116.64% and total cumulative return in cash totals $160,461. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,785/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
9,147 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: Jana P Myers • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1517454