4803 Cordelia Ln · Chattanooga, TN 37416

$223,000

3 bd · 1.5 ba · 1,809 sqft · SingleFamily public records · 56 Days on market

Built 1968 0.25 ac lot Est $403k · 45% under ↓ 7% since listing

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +14.4/30.0
• DSCR +4.4/10.0
• Livability +3.9/5.0
• 1% rule +3.0/10.0
• 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

Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

Key facts

• One level rancher
• 0.25 acre lot
• 2 parking spots

Tags

• ONE LEVEL RANCHER
• MINUTES FROM THE MALL

Property features AI

Exterior

• Parking: Detached parking; Carport with 2 spaces; 2 covered parking spaces (2 total)
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: Residential property; Three or more levels; Existing construction
• Construction: Brick and other construction materials; Other roof; Block foundation
• Exterior features: 0.25-acre lot (approx. 90 x 126.7); Other lot features

Interior

• Kitchen: Microwave; Electric range; Dishwasher; Pantry
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Carpet; Wood
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $223k.

Deal economics

• At list price, monthly cash flow is $43 ($517/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (20.1% below list).
• Recommended offer: $178k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Harrison Elementary (math 20% / reading 19%, grade F, #654 of 952 statewide, top 72%, 1,013 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.
• Market conditions: Rents soft (-0.2%/yr); 99 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 30% 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 $2k of loan paydown is wiped out by about $7k 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 56 days — a 3% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago 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 $178,178 (20.1% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 20% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.83%
• DSCR: 1.04
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $403,407
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4703 Ranger Ln	0.12mi	3/3.0	1,732 (-4%)	2mo	$181,500	$105	80
5085 Oop Rd #34	0.69mi	3/2.5	1,880 (+4%)	3mo	$415,000	$221	55
5012 Oop Rd	0.69mi	3/2.5	1,750 (-3%)	6mo	$429,500	$245	54
4573 Tricia Dr	0.70mi	3/2.5	1,860 (+3%)	8mo	$290,000	$156	52
5059 Oop Rd	0.70mi	3/2.0	1,740 (-4%)	13mo	$428,000	$246	48
5110 Oop Rd	0.69mi	3/2.5	1,900 (+5%)	9mo	$429,500	$226	48
6426 Rosemary Dr	0.25mi	3/2.5	1,545 (-15%)	15mo	$345,000	$223	47
4569 Tricia Dr	0.69mi	4/3.0 (+1)	1,920 (+6%)	3mo	$324,000	$169	44
5031 Oop Rd	0.72mi	3/2.0	1,700 (-6%)	13mo	$419,000	$246	43
7648 Mallette Rd	0.71mi	4/3.0 (+1)	1,861 (+3%)	11mo	$335,000	$180	42
5047 Oop Rd	0.71mi	3/2.0	1,700 (-6%)	19mo	$406,000	$239	39
4524 Dumac Rd	0.69mi	3/2.0	1,600 (-12%)	18mo	$335,000	$209	32

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: -18.1%
• Equity multiple: 0.38×
• Total profit: $-38,696
• Equity at exit: $33,250

10-year hold

• IRR: -16.6%
• Equity multiple: 0.19×
• Total profit: $-50,675
• Equity at exit: $19,281

Cash invested: $62,440 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,782 medium
• Mortgage (P&I): −$1,169
• Tax from tax record: −$102 /mo · $1,226/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $43

Break-even live

Break-even rent $1,727

Max offer price $223,000

Occupancy floor 93%

Sensitivity live

Price	-10% $169	-5% $106	+0% $43	+5% $-20	+10% $-83
Rent	-10% $-98	-5% $-27	+0% $43	+5% $113	+10% $184
Rate	-1.0pp $155	-0.5pp $100	base $43	+0.5pp $-15	+1.0pp $-74

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: $55,750
• Closing costs: $6,690
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4089 Arbor Place Ln Chattanooga, TN	2.0	1.5	2040	$1,375	$0.67	24d	1	1.26mi
4025 Oakwood Dr Chattanooga, TN	1.0–3.0	1.0–2.0	997	$1,685	$1.69	15d	14	1.34mi
5270 Rotary Dr Chattanooga, TN	2.0	1.0	1571	$1,425	$0.91	24d	1	1.40mi
6168 Foxboro DR Chattanooga, TN	1.0–3.0	1.0–2.0	1093	$2,496	$2.28	15d	37	1.47mi

Listing history 26 events

1. 2026-06-18
   days on market $223,000 Active 56 DOM
2. 2026-06-17
   days on market $223,000 Active 55 DOM
3. 2026-06-16
   days on market $223,000 Active 54 DOM
4. 2026-06-15
   days on market $223,000 Active 53 DOM
5. 2026-06-14
   days on market $223,000 Active 51 DOM
6. 2026-06-10
   days on market $223,000 Active 48 DOM
7. 2026-06-09
   days on market $223,000 Active 47 DOM
8. 2026-06-08
   days on market $223,000 Active 46 DOM
9. 2026-06-07
   days on market $223,000 Active 45 DOM
10. 2026-06-05
    days on market $223,000 Active 42 DOM
11. 2026-06-03
    days on market $223,000 Active 41 DOM
12. 2026-06-02
    days on market $223,000 Active 40 DOM
13. 2026-06-01
    days on market $223,000 Active 39 DOM
14. 2026-05-31
    days on market $223,000 Active 38 DOM
15. 2026-05-30
    days on market $223,000 Active 37 DOM
16. 2026-04-23
    listed $223,000 Active

    Show marketing remark (262 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

17. 2026-04-23
    listed $223,000 Active 262-char remark

    Show marketing remark (262 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

18. 2026-04-01
    historical 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

19. 2025-08-15
    status Active 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

20. 2025-08-11
    historical 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

21. 2024-12-16
    price $225,000

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

22. 2024-12-16
    price $225,000 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

23. 2024-11-20
    price $230,000

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

24. 2024-11-20
    price $230,000 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

25. 2024-09-29
    listed $240,000 Active 261-char remark

    Show marketing remark (261 chars)

    Great Investment Opportunity !! ALL brick , one level rancher is the one . For the investor or homeowner plenty of potential equity for a flip or buy and hold. The location is minutes from the mall, Volkswagen, Amazon and the lakes. Make this house your home !!

26. 2024-08-26
    price $240,000

ⓘ 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: $1,226 · $102/mo
• Projected year-2 tax: $1,583 · $132/mo
• Expected delta: +$357/yr (+$30/mo · 29.1%)

ⓘ 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 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: $21,381
• − Mortgage interest: −$12,491
• − Property taxes: −$1,226
• − Insurance: −$1,115
• − Repairs & maintenance: −$1,711
• − Management: −$1,711
• − Depreciation: −$6,487
• Taxable loss: −$3,360
• Est. tax savings @ 24.0%: +$806
• After-tax cash flow: $1,323/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

-7.1% since first listed

11 events — show timeline

• 2026-04-23 Listed $223,000 REALTRACS as Distributed by MLS Grid
• 2026-04-23 Listed $223,000 GCAR
• 2026-04-01 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-08-15 Relisted — REALTRACS as Distributed by MLS Grid
• 2025-08-11 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2024-12-16 Price Changed $225,000 GCAR
• 2024-12-16 Price Changed $225,000 REALTRACS as Distributed by MLS Grid
• 2024-11-20 Price Changed $230,000 GCAR
• 2024-11-20 Price Changed $230,000 REALTRACS as Distributed by MLS Grid
• 2024-09-29 Listed $240,000 REALTRACS as Distributed by MLS Grid
• 2024-08-26 Price Changed $240,000 GCAR

Property tax history

+4.4%/yr

Latest (2025): $1,226 · +6.9% YoY. Source: county tax records.