The Chesapeake Plan, The Grove on ProvidenceOoltewahTN37363
Nearby investment properties with comparable rents
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
Rental property for sale in Ooltewah at The Chesapeake Plan, The Grove on Providence, Ooltewah, TN, 37363 priced at $445,900 pairs $3,259/mo rent with $505/mo cash flow after a $2,182/mo payment. Total monthly income equals $3,259/mo, and annual cash flow comes to $6,063/yr on $147,816 invested. Return on cash invested is 24.01% in year one, and rental yield stands at 8.77% on a $445,900 basis. Equity gained on principal adds $2,877/yr, and 5% annual appreciation accumulates to $123,194 by year five. Five-year ROI measures 124.84% and total cumulative return in cash reaches $184,527. For financing, Ziffy Mortgage’s DSCR program evaluates $3,259/mo property income against a $2,182/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$85 monthly 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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