8602 Kennerly CtOoltewahTN37363
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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 8602 Kennerly Ct, Ooltewah, TN, 37363 generates $2,665/mo in rent, after a $2,521/mo payment. Total monthly income is $2,665/mo. Return on cash invested sits at 17.1% in year one, and rental yield is 6.21% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 87.47% and total cumulative return in cash sums $148,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,665/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
7,405 sqft lot
$N/A/sqft
No 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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