Real Estate

503 Forest Ave, Chattanooga, TN 37405

Property Details for 503 Forest Ave, Chattanooga, TN 37405

Property Detail Name Property Detail Value
Address 503 Forest Ave, Chattanooga, TN 37405
Property Type Single Family
Price $2,650,000
Price Change $0
Tax Assessed Value $1,014,000
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 4.0
Bathrooms 5.0
Living Area 5,768.0
Lot Area 0.45999999999999996
Lot Area Unit ACRES
Year Built 2020

Financial Summary for 503 Forest Ave, Chattanooga, TN 37405

Financial Metric Name Financial Metric Value
Cash on Cash Return -20.7%
Monthly Rent $6,403
Net Operating Income $5,608
Cap Rate 2.5%
Monthly Cash Flow -$9,139
Gross Rent Multiplier 34.5
Debt Service Coverage Ratio 0.4
Principal and Interest $13,400
Tax $1,347
HOA Fees $0
Insurance $795
Total Payment $15,542