The Iris Plan, Engel ParkChattanoogaTN37421
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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 Chattanooga at The Iris Plan, Engel Park, Chattanooga, TN, 37421 with 5% annual appreciation on a $363,900 basis while $2,232/mo rent supports operations. 8% in year one. Equity gained on principal adds $2,348/yr, and five-year appreciation sums $100,539 alongside rental yield of 7.36%. Five-year ROI measures 102.21% and total cumulative return in cash totals $123,298. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,232/mo property income versus a $1,781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$65 monthly 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: N/A • Pratt Home Builders
Mls Name: Pratt Home Builders
Mls Provider:
Mls ID: #N/A