3416 Gay St, Chattanooga, TN

$200,000

Rent Rate: $1,525 | 10.34% ROI (leveraged)
4 Beds 2 Baths 1,200 Sq Ft Garage/Carport: N/A
Built in 1940 Lot Size: ~.45 Acres Basement: Unfinished
Projected Completion Date: 12/20/2024

Property Calculations

  • Purchase Price: $200,000
  • Rent Range: $1475-$1575
  • Rent Used In Calculations: $1,525
  • Annual Taxes: $950
  • Annual Insurance: $666
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $15,037
  • Annual Net Income (finance 20% 30yr): $4,135

Leveraged Cash-on-Cash

  • 1 Year: $4,135.45
  • 5 Year: $6,115.41
  • 15 Year: $11,967.82

Cap Rate

  • 1 Year: 7.52%
  • 5 Year: 8.46%
  • 15 Year: 11.37%

Capital Appreciation

  • 10 Year: $27,934
  • 20 Year: $76,291
  • 30 Year: $160,000