Zip Code 37351 — Chattanooga, TN
🟡MODERATE— average returnsCap Rate
5.5%
Monthly Cash Flow
-$184
Median Home Price
$235,345
DSCR
0.85
Fair Market Rents
- Studio
- $1,140/mo
- 1 Bedroom
- $1,160/mo
- 2 Bedroom
- $1,340/mo
- 3 Bedroom
- $1,710/mo
- 4 Bedroom
- $2,030/mo
Investment Metrics
- Cap Rate
- 5.5%
- Cash-on-Cash Return
- -4.1%
- Price-to-Rent Ratio
- 11.5
- 1% Rule
- 0.73%
- Gross Rent Multiplier
- 11.5
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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