Real Estate

1600 Parkway Dr, Chattanooga, TN 37406

Property Details for 1600 Parkway Dr, Chattanooga, TN 37406

Property Detail Name Property Detail Value
Address 1600 Parkway Dr, Chattanooga, TN 37406
Property Type Single Family
Price $248,000
Price Change -$7,000
Tax Assessed Value $34,700
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,345.0
Lot Area 1306.8
Lot Area Unit SQFT
Year Built 1947

Financial Summary for 1600 Parkway Dr, Chattanooga, TN 37406

Financial Metric Name Financial Metric Value
Cash on Cash Return 7.2%
Monthly Rent $1,662
Net Operating Income $1,591
Cap Rate 7.7%
Monthly Cash Flow $297
Gross Rent Multiplier 12.4
Debt Service Coverage Ratio 1.4
Principal and Interest $1,175
Tax $119
HOA Fees $0
Insurance $71
Total Payment $1,365