116 Ridge Rd

Chattanooga, TN 37411
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3 bd, 2 ba | 1,140 sqft | Built in 1930

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List Price
$145,400

Initial Investment

$39,622

Purchase Price

$145,400

Down Payment

25%

Rent

$1,550

Total Return

$101,144

Annualized Return

32.5%

Cap Rate

9.1%

Gross Yield

12.8%

Cash Flow

$4,423

Appreciation

9.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,534

HOA

None

Flood Risk

Not Required

Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge
Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Agent License #337885

Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$3,992

Property Taxes

-$1,350

Loan Payments

-$7,905

Net Cash Flow

$4,423

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Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Jim Lea
Agent License 296129
Keller Williams Realty
Certified Agent Brokerage:Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Brokerage License 262943
SourceGreater Chattanooga Association of Realtors, Inc. CMLS (CIE)
MLS #1399204
Last Updated: 04/21/2025 15:04
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