8964 Sunridge DrOoltewahTN37363
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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
Investment property for sale in Ooltewah at 8964 Sunridge Dr, Ooltewah, TN, 37363 uses $135,915 cash to close to unlock $1,745/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,600/mo, and a $2,007/mo payment keeps the spread at $145/mo. Purchase price stands at $410,000, and rental yield measures 7.61% with $2,600/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 109.48% and total cumulative return in cash records $148,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,600/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 2009
10,018 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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