Real Estate

1504 Heritage Landing Dr, Chattanooga, TN 37405

Property Details for 1504 Heritage Landing Dr, Chattanooga, TN 37405

Property Detail Name Property Detail Value
Address 1504 Heritage Landing Dr, Chattanooga, TN 37405
Property Type Multi Family
Price $410,000
Price Change $0
Tax Assessed Value $258,400
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 2.0
Bathrooms 2.0
Living Area 1,384.0
Lot Area 0.0
Lot Area Unit SQFT
Year Built 1986

Financial Summary for 1504 Heritage Landing Dr, Chattanooga, TN 37405

Financial Metric Name Financial Metric Value
Cash on Cash Return -9.1%
Monthly Rent $2,199
Net Operating Income $1,608
Cap Rate 4.7%
Monthly Cash Flow -$622
Gross Rent Multiplier 15.5
Debt Service Coverage Ratio 0.8
Principal and Interest $2,022
Tax $208
HOA Fees $468
Insurance $123
Total Payment $2,821