2316 Harrison Pike, Chattanooga, TN

$277,000

Rent Rate: $1,950 | 8.05% ROI (leveraged)
3 Beds 2 Baths 1,464 Sq Ft Garage/Carport: N/A
Built in 1936 Lot Size: ~.76 Acres Basement: N/A
Projected Completion Date: Complete!

Property Calculations

  • Purchase Price: $277,000
  • Rent Range: $1900-$2000
  • Rent Used In Calculations: $1,950
  • Annual Taxes: $850
  • Annual Insurance: $885
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $20,495
  • Annual Net Income (finance 20% 30yr): $5,396

Leveraged Cash-on-Cash

  • 1 Year: $5,396.35
  • 5 Year: $8,021.33
  • 15 Year: $15,972.67

Cap Rate

  • 1 Year: 7.40%
  • 5 Year: 8.33%
  • 15 Year: 11.19%

Capital Appreciation

  • 10 Year: $38,689
  • 20 Year: $105,663
  • 30 Year: $221,600