1303 Springview Dr · Chattanooga, TN 37421

$125,000

3 bd · 1.0 ba · 2,332 sqft · SingleFamily public records · 4 Days on market

Built 1960 0.88 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

Key facts

• Remodeled kitchen
• Soaring ceilings
• Spacious lot

Tags

• SPACIOUS LOT
• GENEROUS LIVING SPACES
• SOARING CEILINGS
• REMODELED KITCHEN
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 16.5% vs local median 3.4% in Chattanooga — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#3 in TN, #2,582 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, crime F.
• Hamilton County (urban): math 31% / reading 31% proficiency, ranked #42 of 139 in TN (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Westview Elementary (math 66% / reading 63%, grade B, #41 of 952 statewide, top 5%, 610 students, 0% FRL); East Hamilton High School (math 16% / reading 54%, grade F, #39 of 332 statewide, top 12%, 1,265 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 50% at this address vs 31% district-wide (+19 pts) — the actual schools serving this property are materially stronger than the Hamilton County average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-1.0%/yr); 577 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 34% of the median local income ($83k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Hamilton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $125,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.85% ✓
• Cap rate: 16.46%
• Cash-on-cash: 36.31%
• DSCR: 2.62
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $452,408
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
132 Brently Woods Dr	0.29mi	4/3.0 (+1)	2,365 (+1%)	2mo	$265,000	$112	69
311 Cyndica Drive Dr	0.14mi	3/2.5	2,000 (-14%)	24mo	$436,000	$218	44
8946 Fuller Rd	0.47mi	4/3.0 (+1)	2,052 (-12%)	3mo	$380,000	$185	43
1013 Wedgewood Dr	0.62mi	4/2.5 (+1)	2,240 (-4%)	15mo	$384,900	$172	41
9230 Royal Shadows Dr	0.72mi	4/3.5 (+1)	2,504 (+7%)	1mo	$499,000	$199	38
143 Rolling Ridge Dr	0.60mi	4/2.5 (+1)	1,982 (-15%)	4mo	$385,000	$194	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 28.8%
• Equity multiple: 2.15×
• Total profit: $40,399
• Equity at exit: $18,638

10-year hold

• IRR: 34.5%
• Equity multiple: 3.74×
• Total profit: $95,761
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37421

• Rents YoY: -1.0%
• Active inventory: 577
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,311 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$59 /mo · $707/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $1,059

Break-even live

Break-even rent $970

Max offer price $125,000

Occupancy floor 49%

Sensitivity live

Price	-10% $1,130	-5% $1,094	+0% $1,059	+5% $1,024	+10% $988
Rent	-10% $876	-5% $968	+0% $1,059	+5% $1,150	+10% $1,242
Rate	-1.0pp $1,122	-0.5pp $1,091	base $1,059	+0.5pp $1,027	+1.0pp $994

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1165 Fuller Glen Cir Chattanooga, TN	4.0	2.5	2229	$2,595	$1.16	16d	1	0.40mi
9422 Fuller Rd Chattanooga, TN	3.0	2.0	2500	$2,400	$0.96	16d	1	0.85mi
8676 Belleau Woods Dr Chattanooga, TN	4.0	2.5	2400	$2,200	$0.92	25d	1	1.35mi

Listing history 5 events

1. 2026-03-20
   status Pending

   Show marketing remark (1510 chars)

   HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

2. 2026-03-20
   status Pending 1510-char remark

   Show marketing remark (1510 chars)

   HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

3. 2026-03-20
   historical Active Under Contract

   Show marketing remark (1510 chars)

   HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

4. 2026-03-16
   listed $125,000 Active 1510-char remark

   Show marketing remark (1510 chars)

   HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

5. 2026-03-16
   listed $125,000 Active

   Show marketing remark (1510 chars)

   HOME ON PROPERTY IS BEING SOLD AS-IS. ENTER AT YOUR OWN RISK. BUYERS ARE ADVISED TO EXCERCISE CAUTION WHEN VIEWING THE PROPERTY. Welcome to 1303 Springview, a unique opportunity for investors, builders, contractors, or buyers looking to unlock the potential of a property with great bones and an even better location. Originally built in the 1960s, this home has evolved over the years with several additions that create generous living spaces and interesting architectural character, including soaring ceilings in the expanded areas. Situated on a spacious . 88-acre lot, the property offers ample room for future possibilities--whether you're considering a renovation, expansion, or reimagining the space to suit today's market. The home currently offers 3 bedrooms and 1 bathroom, providing a solid footprint to work from. The kitchen was remodeled approximately 15-20 years ago, and the layout presents a variety of options for someone with vision and creativity. The lot itself is one of the standout features--nearly an acre in a convenient Chattanooga location, offering privacy, space, and flexibility rarely found this close to town. This property is best suited for investors, renovators, or contractors ready to bring new life to a home with potential. With the right updates and improvements, this could become a truly special property. Property is being sold as-is. Enter at your own risk. Don't miss the chance to transform this property into something remarkable in a highly convenient location.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $707 · $59/mo
• Projected year-2 tax: $888 · $74/mo
• Expected delta: +$180/yr (+$15/mo · 25.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,731
• − Mortgage interest: −$7,002
• − Property taxes: −$707
• − Insurance: −$625
• − Repairs & maintenance: −$2,218
• − Management: −$2,218
• − Depreciation: −$3,636
• Taxable income: $11,323
• Est. tax owed @ 24.0%: −$2,718
• After-tax cash flow: $9,991/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamilton County
• NCES district ID: 4701590
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $47,456
• Composite: 26.8/100
• National rank: #7122
• State rank: #42 of 139 in TN

Livability — Chattanooga

• Score: 78/100
• State rank: #3
• US rank: #2582

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hamilton County · 312,777 people
• City population: 131,999
• Metro: Chattanooga, TN-GA
• Population (ZIP): 52,985
• Household income: $82,517
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1975.0

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 393,784 people
• By 2030: 412,983 · +4.9%
• By 2040: 449,502 · +14.1%
• By 2050: 484,341 · +23.0%
• By 2075: 565,746 · +43.7%
• By 2100: 618,394 · +57.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 61% Black 23% Hispanic / Latino 8% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 2% Serbian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Hamilton

• 2024 margin: R (+13.1) · D 42.7% · R 55.7% · Other 1.6%
• 2008→2024 swing: -1.2pp toward R · 2008: -11.8pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+9.7 2016: R+16.6 2012: R+14.8 2008: R+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -316.60%
• Current HPI: 237.6897
• Rent YoY: ▼ -1.04%
• Metro: Chattanooga, TN-GA
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+0.0% since first listed

5 events — show timeline

• 2026-03-20 Pending — REALTRACS as Distributed by MLS Grid
• 2026-03-20 Pending — GCAR
• 2026-03-20 Contingent — REALTRACS as Distributed by MLS Grid
• 2026-03-16 Listed $125,000 GCAR
• 2026-03-16 Listed $125,000 REALTRACS as Distributed by MLS Grid

Property tax history

+0.0%/yr

Latest (2025): $707 · -4.5% YoY. Source: county tax records.