1641 John Ross Rd
Chattanooga, TN 37412
List Price
$289,900
Initial Investment
$78,998Purchase Price
$289,900
Down Payment
25%
Rent
$1,770
Total Return
$141,503
Annualized Return
22.3%
Cap Rate
5.1%
Gross Yield
7.3%
Cash Flow
-$1,824
Appreciation
8.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
18,935
HOA
None
Flood Risk
Not Required
Well-maintained 4BR, 2BA home, conventionally built, in very desirable area of East Ridge! Move-in ready and packed with charm! This recently renovated home in East Ridge offers modern updates, spacious living areas, and a prime location near everything you need. Updated Kitchen has tile floors, stainless steel appliances, including a stove, range hood, dishwasher, and a large 24 cu. ft. refrigerator. Hardwood floors in 3 bedrooms, living, and dining room, carpet in the 4th bedroom. French doors open to a large backyard that is already fenced on three sides, plus a 12x14 storage shed. Circle driveway with an additional side pad for extra vehicles. Easy access to I-24 and I-75, shopping, dining, and downtown Chattanooga. Additional Information for peace of mind... HVAC: System 2020 New Ductwork: 2024 Roof: 2021 Hot Water Tank: 2017 Appliances: 2023
See more in Analysis
Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Agent License #337885
Annual Financial Highlights
Expected Rent
$20,178Expenses
-$3,592Property Taxes
-$2,650Loan Payments
-$15,760Net Cash Flow
-$1,824See more in Financials
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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