829 S Greenwood Ave #109ChattanoogaTN37404
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 829 S Greenwood Ave #109, Chattanooga, TN, 37404 uses $148,844 cash to close to unlock $1,714/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $2,831/mo, and a $2,198/mo payment keeps the spread at $143/mo. Purchase price stands at $449,000, and rental yield measures 7.57% with $2,831/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $161,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,831/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Townhouse
Built in 2023
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37404, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,365 (100%) |
| Owner Occupied HU | 2,247 (35.3%) |
| Renter Occupied HU | 3,113 (48.9%) |
| Vacant Housing Units | 1,005 (15.8%) |
| Median Home Value | $315,517 |
| Average Home Value | $357,110 |
Housing Distribution
Address Breakdown
Residential
5,304
Single Family
5,078
Multi-Family
226
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashlee Lawrence • REAL Broker
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518485