8587 Dewberry DrOoltewahTN37363
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 Ooltewah at 8587 Dewberry Dr, Ooltewah, TN, 37363 offers $2,520/mo rent that, after a $1,840/mo payment, leaves $228/mo cash flow. Total monthly income is $2,520/mo, and annual cash flow is $2,735/yr on $124,617 cash. Return on cash invested measures 22.1% in year one, and rental yield stands at 8.04% at a $375,920 entry. Equity gained on principal adds $2,426/yr while 5% annual appreciation compounds into $103,860 by year five. Five-year ROI records 114.48% and total cumulative return in cash reaches $142,660. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,520/mo property income versus a $1,840/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$500 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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Nearby investment properties with comparable prices
Listed by: Shalee Purin • DHI Inc
Mls Name: Greater Chattanooga Realtors
Mls ID: #1500484
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited Copyright 2025 by Chattanooga Association of REALTORS