The Redwood Plan, Heritage WalkChattanoogaTN37421
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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
Rental property for sale in Chattanooga at The Redwood Plan, Heritage Walk, Chattanooga, TN, 37421 priced at $510,000 converts $3,750/mo rent into $697/mo cash flow after a $2,496/mo obligation. Total monthly income equals $3,750/mo, and annual cash flow totals $8,367/yr on $167,790 invested. Return on cash invested prints 25.05% in year one, and rental yield reads 8.82% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 130.11% and total cumulative return in cash sums $218,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,750/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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 • Greentech Homes LLC
Mls Name: GreenTech Homes LLC
Mls ID: #N/A