8417 Iris DrChattanoogaTN37421
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
Rental property for sale in Chattanooga at 8417 Iris Dr, Chattanooga, TN, 37421 generates $3,257/mo in rent and, after a $1,644/mo payment, leaves $1,246/mo in cash flow. Total monthly income is $3,257/mo, and annual cash flow is $14,956/yr on $111,351 invested. Return on cash invested sits at 33.34% in year one, and rental yield is 11.64% on a $335,900 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation builds toward $92,803 over five years. Five-year ROI reaches 174.62% and total cumulative return in cash sums $194,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,257/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Krystal S Wilds • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1525854