8602 Petty RdChattanoogaTN37421
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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
Investment property for sale in Chattanooga at 8602 Petty Rd, Chattanooga, TN, 37421 uses $109,064 cash to close to unlock $1,954/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,610/mo payment keeps the spread at $163/mo. Purchase price stands at $329,000, and rental yield measures 7.78% with $2,132/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash records $122,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Townhouse
Built in 2017
3,663 sqft 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
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Listed by: Deonne Taylor • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523497