90 NW Founding Way #BLookout MountainGA30750
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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 Lookout Mountain at 90 NW Founding Way #B, Lookout Mountain, GA, 30750 listed at $427,000 pairs $3,067/mo rent with a $2,090/mo payment to leave $118/mo cash flow. Total monthly income runs $3,067/mo, and annual cash flow reaches $1,418/yr on $141,551 cash to close. Return on cash invested measures 20.91% in year one, and rental yield registers 8.62% at a $427,000 basis. Equity gained on principal adds $2,755/yr, and annual property appreciation at 5% supports $117,972 by year five. Five-year ROI tracks 109.16% and total cumulative return in cash totals $154,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,067/mo property income relative to a $2,090/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
3,049 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30750, Lookout Mountain, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,476 (100%) |
| Owner Occupied HU | 1,113 (75.4%) |
| Renter Occupied HU | 226 (15.3%) |
| Vacant Housing Units | 137 ( 9.3%) |
| Median Home Value | $401,534 |
| Average Home Value | $509,591 |
Housing Distribution
Address Breakdown
Residential
1,438
Single Family
1,415
Multi-Family
23
Businesses
27
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Listed by: Michael Mohr • Crye-Leike, REALTORS
Mls Name: Greater Chattanooga Realtors
Mls ID: #1388613
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 2024 by Chattanooga Association of REALTORS