707 Cherokee Trail
About This Property
The home is in need of significant updates and repairs and is being sold as-is, making it ideal for a full renovation, rental portfolio addition, or fix-and-flip project. Features include solid brick construction, detached garage, storage shed, and a generously sized lot with room to enhance the property's appeal.
Conveniently located just minutes from Chattanooga, shopping, dining, and major commuter routes, this property offers an excellent opportunity to transform a distressed asset into a strong investment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Walker
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$2,280 /mo
- 4 Beds
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- 2,296 ft²
$2,280 /mo
- 4 Beds
- 3 Baths
- 2,296 ft²
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3243195
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017