2308 Wheeler Ave

Chattanooga, TN 37406
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4 bd, 2 ba | 1,231 sqft | Built in 1930

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,470

Total Return

$107,598

Annualized Return

26.9%

Cap Rate

6.8%

Gross Yield

9.5%

Cash Flow

$1,928

Appreciation

8.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,732

HOA

None

Flood Risk

Not Required

Vacant 4/2 single family house perfect for investors looking for rental properties! Please give agent notice for any showings. Recently remodeled with laundry hook ups and car port in back yard.

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

$16,758

Expenses

-$3,073

Property Taxes

-$1,700

Loan Payments

-$10,058

Net Cash Flow

$1,928

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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:Sean Levredge
Agent License 362285
First Property Management
Certified Agent Brokerage:Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Brokerage License 262943
SourceGreater Chattanooga Association of Realtors, Inc. CMLS (CIE)
MLS #1503129
Last Updated: 11/13/2024 15:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.