832 McRoy DrChattanoogaTN37405
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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
Rental property for sale in Chattanooga at 832 McRoy Dr, Chattanooga, TN, 37405 offers $1,392/mo rent that, after a $905/mo payment, leaves $285/mo cash flow. Total monthly income is $1,392/mo, and annual cash flow is $3,420/yr on $61,328 cash. Return on cash invested measures 25.49% in year one, and rental yield stands at 9.03% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 132.55% and total cumulative return in cash reaches $81,291. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,392/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37405, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,455 (100%) |
| Owner Occupied HU | 4,694 (44.9%) |
| Renter Occupied HU | 4,543 (43.5%) |
| Vacant Housing Units | 1,218 (11.6%) |
| Median Home Value | $464,524 |
| Average Home Value | $559,313 |
Housing Distribution
Address Breakdown
Residential
10,432
Single Family
8,282
Multi-Family
2,150
Businesses
1,207
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Listed by: Lori Montieth • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1519138