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 -14.8%
Monthly Rent $1,956
Net Operating Income $1,351
Cap Rate 4.0%
Monthly Cash Flow -$1,013
Gross Rent Multiplier 17.5
Debt Service Coverage Ratio 0.6
Principal and Interest $2,156
Tax $208
HOA Fees $468
Insurance $137
Total Payment $2,969