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Updated over 4 years ago on . Most recent reply

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Yinglu Wang
  • New York City, NY
15
Votes |
38
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How are school ratings impacting rental properties in Chatt?

Yinglu Wang
  • New York City, NY
Posted

Hello everyone, I have been seriously looking at properties in Chatt and target at properties with good cash flow for rental. I have passed on a few properties in 37412 (southern part of East Ridge) and 37411 (Sunshine I believe it's called? It's a bit north of Brainerd) because the schools are ranked below 5 (especially high school).

I wanted to get everyone's thoughts on how important schools are when evaluating if a deal is good or not. I don't care much about the appreciation of the property, but more concerned about the rental demand will be way less if the neighborhood doesn't have good schools.

Any insight will be appreciated!

Yinglu

Most Popular Reply

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182
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138
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Josh Braun
  • Investor
  • Nashville & Chattanooga, TN
138
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182
Posts
Josh Braun
  • Investor
  • Nashville & Chattanooga, TN
Replied

Hi Yinglu - school data usually ranks further down on our list when evaluating Chattanooga deals. In order, we usually look at these factors first: 1) value/equity opportunity of the deal, 2) proximity of the unit to downtown, employer hubs, retail and colleges/tech centers, 3) rent ratios to other units nearby, 4) general population mix/makeup of the area and 5) current rental inventory on the market for the area. 

  • Josh Braun
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