2511 Oak St

Chattanooga, TN 37404
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2 bd, 1 ba | 1,257 sqft | Built in 1935

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List Price
$219,500

Initial Investment

$59,814

Purchase Price

$219,500

Down Payment

25%

Rent

$1,490

Total Return

$122,075

Annualized Return

25.2%

Cap Rate

5.9%

Gross Yield

8.1%

Cash Flow

$229

Appreciation

9.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,454

HOA

None

Flood Risk

Not Required

Don't miss this two-bedroom home on 1.5 lots in Glenwood, convenient to the hospitals, downtown and everywhere in Chattanooga. Check out the covered front porch then enter the house into the living room with a fireplace and built-in bookcases. The hardwood floors run through the living room, dining room and both bedrooms. From the living room you seamlessly transition into the dining room and then into the breakfast room with a built-in buffet. Next is the kitchen with the laundry closet, stairs to the cellar and a door in the back to the deck. From the dining room there is a hall to the two bedrooms and full bathroom. The backyard is fenced and mostly level. With an oversized lot, there is ample space for a back and side yard. The seller prefers to sell this house AS-IS to a cash buyer and close at Title Guaranty Downtown. Don't wait; make an appointment to see this house today!

See more in Analysis
Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Agent License #337885

Annual Financial Highlights

Expected Rent

$16,986

Expenses

-$3,024

Property Taxes

-$1,800

Loan Payments

-$11,933

Net Cash Flow

$229

See 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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Listing Courtesy of:Andy Hodes
Agent License 280586
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 #1398732
Last Updated: 09/05/2024 17:09
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