3114 8th Ave

Chattanooga, TN 37407
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2 bd, 1 ba | 1,420 sqft | Built in 1920

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List Price
$199,999

Initial Investment

$54,500

Purchase Price

$199,999

Down Payment

25%

Rent

$1,520

Total Return

$118,348

Annualized Return

26.9%

Cap Rate

6.6%

Gross Yield

9.1%

Cash Flow

$1,550

Appreciation

9.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,792

HOA

None

Flood Risk

Not Required

Welcome home to this completely renovated 2 bedroom home with a massive detached room finished above the garage to turn into an office, game room, or bedroom. No need to worry about extra expenses, this home has a brand new hvac, new flooring, new paint, light fixtures, and completely updated kitchen and appliances. Come check out today!

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

$17,328

Expenses

-$3,105

Property Taxes

-$1,800

Loan Payments

-$10,873

Net Cash Flow

$1,550

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:Ralph Harvey
Agent License 0286632
ListWithFreedom.com Inc
Certified Agent Brokerage:Tracy Denton
eXp Realty LLC (Tracy Denton)
TN Brokerage License 262943
SourceGreater Chattanooga Association of Realtors, Inc. CMLS (CIE)
MLS #1503616
Last Updated: 11/22/2024 17:11
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.