6610 Gary Ln

Chattanooga, TN 37421
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3 bd, 2 ba | 1,175 sqft | Built in 1962

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List Price
$279,000

Initial Investment

$76,028

Purchase Price

$279,000

Down Payment

25%

Rent

$1,730

Total Return

$139,767

Annualized Return

22.8%

Cap Rate

5.2%

Gross Yield

7.4%

Cash Flow

-$1,506

Appreciation

9.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,890

HOA

None

Flood Risk

Not Required

Opportunity awaits! This charming 3 bedroom, 1.5 bathroom home is a delightful blend of character and modern amenities, making it a must-see for any homebuyer. Step inside to discover a cozy living space, featuring an open plan between the living and dining spaces. The beautifully renovated kitchen has quartz countertops and is perfect for both cooking and entertaining. The updated bathrooms provide a fresh and functional touch. This home has an air conditioning unit that's less than 2 years old, providing optimum climate control. Outside, you'll find a new fully fenced yard, ensuring privacy and security, complemented by an outdoor bar ideal for summer gatherings and a shed that's less than 2 years old. The versatile full basement opens the door to endless possibilities- whether you envision a workshop, studio, or office, this space has you covered! Convenient location to shops, grocery, etc. Don't let this cute home slip away- schedule a viewing today.

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

Annual Financial Highlights

Expected Rent

$19,722

Expenses

-$3,511

Property Taxes

-$2,550

Loan Payments

-$15,168

Net Cash Flow

-$1,506

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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SourceGreater Chattanooga Association of Realtors, Inc. CMLS (CIE)
MLS #1502972
Last Updated: 11/09/2024 00:11
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