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For sale 4 days ago

$218,500

3 bd 2 ba 1162 sqft

1011 N Orchard Knob Ave, Chattanooga, TN 37406

Residential SFR Occupied

Current Rent **

$1,655

Projected Rent **

$1,655

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Chattanooga Rented Turnkey SFH

This 3-bedroom, 2-bath home offers 1,162 square feet and is listed at $218,500. With a rent rate used in calculations of $1,630 per month, the property is projected to generate $342 in monthly cash flow and $4,101 in annual net income with 25% financing over 30 years. The projected year-one cap rate is 6.99%, with long-term projections showing the potential for increased cash flow and appreciation over time.

Check out this video walk through of the investment: https://www.youtube.com/watch?v=kuxSCOW7R6c&t=2s

Location:

1011 N Orchard Knob Ave, Chattanooga, TN 37406

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.