8420 Sophie LnOoltewahTN37363
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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
Rental property for sale in Ooltewah at 8420 Sophie Ln, Ooltewah, TN, 37363 priced at $361,250 converts $2,536/mo rent into $348/mo cash flow after a $1,768/mo obligation. Total monthly income equals $2,536/mo, and annual cash flow totals $4,180/yr on $119,754 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.42% against a $361,250 entry. Equity gained on principal adds $2,331/yr, while 5% annual appreciation compiles into $99,807 by year five. Five-year ROI reaches 121.41% and total cumulative return in cash sums $145,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,536/mo property income covering a $1,768/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,276 sqft lot
$N/A/sqft
$304 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37363, Ooltewah, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,885 (100%) |
| Owner Occupied HU | 12,894 (72.1%) |
| Renter Occupied HU | 3,742 (20.9%) |
| Vacant Housing Units | 1,249 ( 7.0%) |
| Median Home Value | $385,069 |
| Average Home Value | $432,465 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
16,798
Multi-Family
861
Businesses
805
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Listed by: Lauren Wenger • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1512556
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