5007 Jarrett Rd · Chattanooga, TN 37416

$189,000

4 bd · 2.0 ba · 1,306 sqft · SingleFamily public records · 87 Days on market

Built 1968 10,660 sqft lot Est $257k · 27% under

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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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +5.5/10.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Three bedroom two bath home in a very convenient HWY 58 location. This home would make a great rental unit, so tell your investors! Needs some work, but is priced to sell. Sold As-Is. This property must be on the MLS 3 days before seller will respond to offers.

Key facts

• Month to month lease
• Investment property
• Shopping

Tags

• INVESTMENT PROPERTY
• MONTH TO MONTH LEASE
• EASY REACH OF HIGHWAYS
• SHOPPING
• EMPLOYMENT OPPORTUNITIES
• DOWNTOWN CHATTANOOGA

Property features AI

Exterior

• Parking: Off-street parking; 1-car carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; Residential property
• Construction: Aluminum siding; Block foundation
• Exterior features: No notable exterior features listed; Lot dimensions approximately 82 x 130 (0.24 acres)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Central heating and cooling

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $178k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: Harrison Elementary (math 20% / reading 19%, grade F, #654 of 952 statewide, top 72%, 1,013 students, 0% FRL); Brown Middle School (math 14% / reading 15%, grade F, #231 of 333 statewide, top 70%, 344 students, 0% FRL); Central High School (math 8% / reading 32%, grade F, #183 of 332 statewide, top 59%, 749 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 18% at this address vs 31% district-wide (-13 pts) — the specific schools serving this property underperform the Hamilton County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.2%/yr); 99 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 34% of the median local income ($71k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($178k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $46k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.13%
• DSCR: 1.45
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $257,282
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4722 Mink Pl	0.49mi	4/1.5	1,320 (+1%)	19mo	$258,900	$196	57
5502 Kenyon Rd	0.29mi	3/1.5 (-1)	1,200 (-8%)	16mo	$250,000	$208	52
4550 Tricia Dr	0.53mi	3/2.0 (-1)	1,337 (+2%)	18mo	$249,900	$187	51
4728 Jersey Pike	0.52mi	3/2.0 (-1)	1,231 (-6%)	23mo	$270,000	$219	42
5506 Kenyon Rd	0.32mi	3/1.5 (-1)	1,150 (-12%)	20mo	$226,000	$197	42
4026 Teakwood Dr	0.71mi	3/2.0 (-1)	1,120 (-14%)	4mo	$250,000	$223	35
4716 Beverly Kay Dr	0.75mi	3/2.0 (-1)	1,224 (-6%)	18mo	$220,000	$180	34
7750 Vista Hills Dr	0.71mi	3/1.5 (-1)	1,485 (+14%)	12mo	$177,000	$119	27

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: -6.4%
• Equity multiple: 0.77×
• Total profit: $-12,279
• Equity at exit: $28,181

10-year hold

• IRR: -0.7%
• Equity multiple: 0.96×
• Total profit: $-2,221
• Equity at exit: $16,341

Cash invested: $52,920 (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 37416

• Home prices YoY: -30.5%
• Rents YoY: -0.2%
• Active inventory: 99
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,992 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$57 /mo · $686/yr
• Insurance: −$79
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $380

Break-even live

Break-even rent $1,511

Max offer price $189,000

Occupancy floor 76%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7741 Nautical Way Chattanooga, TN	4.0	2.0	1196	$1,900	$1.59	23d	1	0.68mi
4025 Oakwood Dr Chattanooga, TN	1.0–3.0	1.0–2.0	997	$1,685	$1.69	13d	14	0.93mi
9205 Aft Ln Chattanooga, TN	2.0–3.0	2.0–2.5	1282	$2,385	$1.86	13d	1	1.29mi

Listing history 26 events

1. 2026-06-18
   days on market $189,000 Active 87 DOM
2. 2026-06-17
   days on market $189,000 Active 86 DOM
3. 2026-06-16
   days on market $189,000 Active 85 DOM
4. 2026-06-15
   days on market $189,000 Active 84 DOM
5. 2026-06-14
   days on market $189,000 Active 82 DOM
6. 2026-06-10
   days on market $189,000 Active 79 DOM
7. 2026-06-09
   days on market $189,000 Active 78 DOM
8. 2026-06-08
   days on market $189,000 Active 77 DOM
9. 2026-06-07
   days on market $189,000 Active 76 DOM
10. 2026-06-05
    days on market $189,000 Active 73 DOM
11. 2026-06-03
    days on market $189,000 Active 72 DOM
12. 2026-06-02
    days on market $189,000 Active 71 DOM
13. 2026-06-01
    days on market $189,000 Active 70 DOM
14. 2026-05-31
    days on market $189,000 Active 69 DOM
15. 2026-05-30
    days on market $189,000 Active 68 DOM
16. 2026-05-20
    price $189,000
17. 2026-05-01
    price $199,900
18. 2026-04-16
    price $229,900
19. 2026-03-23
    listed $234,900 Active
20. 2025-10-02
    price $234,900
21. 2025-08-21
    price $258,900
22. 2025-07-28
    price $259,000
23. 2025-04-25
    soldstatus $1,520,000
24. 2025-02-08
    historical $1,500
25. 2025-01-23
    listed $1,500
26. 2014-01-16
    soldstatus $30,000 261-char remark

    Show marketing remark (261 chars)

    Three bedroom two bath home in a very convenient HWY 58 location. This home would make a great rental unit, so tell your investors! Needs some work, but is priced to sell. Sold As-Is. This property must be on the MLS 3 days before seller will respond to offers.

ⓘ 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: $686 · $57/mo
• Projected year-2 tax: $1,342 · $112/mo
• Expected delta: +$656/yr (+$55/mo · 95.5%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $23,907
• − Mortgage interest: −$10,587
• − Property taxes: −$686
• − Insurance: −$1,742
• − Repairs & maintenance: −$1,913
• − Management: −$1,913
• − Depreciation: −$5,498
• Taxable income: $1,568
• Est. tax owed @ 24.0%: −$376
• After-tax cash flow: $4,188/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

• Census place: Chattanooga, TN
• County: Hamilton County · 312,777 people
• City population: 131,999
• Metro: Chattanooga, TN-GA
• Population (ZIP): 13,919
• Household income: $70,705
• Rent vs Own: 39.7% rent · 60.3% own
• Severe rent burden: 480.0

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 0.59)
• Race & ethnicity: White 47% Black 43% Two or more races 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Hispanic 4% Italian 3% Slovak 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% French/Haitian/Cajun 5% Other Indo-European 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: ▼ -112.99%
• Current HPI: 257.5129
• Rent YoY: ▼ -0.22%
• 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

+530.0% since first listed

11 events — show timeline

• 2026-05-20 Price Changed $189,000 GCAR
• 2026-05-01 Price Changed $199,900 GCAR
• 2026-04-16 Price Changed $229,900 GCAR
• 2026-03-23 Listed $234,900 GCAR
• 2025-10-02 Price Changed $234,900 GCAR
• 2025-08-21 Price Changed $258,900 GCAR
• 2025-07-28 Price Changed $259,000 GCAR
• 2025-04-25 Sold (Public Records) $1,520,000 Public Records
• 2025-02-08 Rental Removed $1,500 APPFOLIO
• 2025-01-23 Listed for Rent $1,500 APPFOLIO
• 2014-01-16 Sold (MLS) $30,000 GCAR

Property tax history

+3.5%/yr

Latest (2025): $686 · -8.0% YoY. Source: county tax records.