961 Elk RdgChattanoogaTN37419
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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
Total monthly income runs $3,116/mo, and a $2,765/mo payment. Purchase price stands at $565,000, and rental yield measures 6.62% with $3,116/mo rent. Return on cash invested shows 18.34% in year one, and 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 94.17% and total cumulative return in cash records $175,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,116/mo property income covering a $2,765/mo payment rather than investor’s personal income.
Single Family
Built in 2018
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37419, Chattanooga, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,122 (100%) |
| Owner Occupied HU | 2,201 (70.5%) |
| Renter Occupied HU | 626 (20.1%) |
| Vacant Housing Units | 295 ( 9.4%) |
| Median Home Value | $384,831 |
| Average Home Value | $461,545 |
Housing Distribution
Address Breakdown
Residential
3,076
Single Family
3,073
Multi-Family
3
Businesses
213
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Listed by: Asher Black • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1517711