3619 Rogers Rd · Chattanooga, TN 37411

$149,000

3 bd · 1.5 ba · 990 sqft · SingleFamily public records · 23 Days on market

Built 1940 5,850 sqft lot Est $177k · 16% under

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Why this score? — see what drove the C 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 +21.9/30.0
• ARV discount +14.7/15.0
• DSCR +7.0/10.0
• 1% rule +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.7/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Lots of potential in this 3 br, 1 & 1/2 bath home. Level Yard , close to bus line, convenient to interstate, schools, and shopping. Ranch style home with original hardwood floors. Great investment property. Property is being sold as is.

Key facts

• Level yard
• Close to bus line
• 5,850 sq ft lot

Tags

• LEVEL YARD
• CLOSE TO BUS LINE
• CONVENIENT TO INTERSTATE
• ORIGINAL HARDWOOD FLOORS

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; One story; Vinyl siding; Block foundation; Shingle roof; Residential property
• Construction: Vinyl siding construction; Block foundation; Built with a shingle roof
• Exterior features: Level lot; Paved public road access

Interior

• Kitchen: Refrigerator; Free-standing electric range; Free-standing electric oven
• Bedrooms: Master on main level
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Master bedroom on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/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 $140k (6.2% below list).
• Recommended offer: $140k (6.2% below list) — sets the bar for 1% rule.
• Cap rate 8.2% 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: Woodmore Elementary (math 22% / reading 17%, grade F, #654 of 952 statewide, top 72%, 301 students, 0% FRL); Dalewood Middle School (math 7% / reading 7%, grade F, #278 of 333 statewide, top 85%, 258 students, 0% FRL); Brainerd High School (math 2% / reading 12%, grade F, #294 of 332 statewide, top 91%, 635 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 11% at this address vs 31% district-wide (-20 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 flat; 127 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 16% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,701 (6.2% below list)

Questions for the listing agent

1. Built in 1940 — 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: 0.94% ✗
• Cap rate: 8.17%
• Cash-on-cash: 6.71%
• DSCR: 1.30
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $177,210
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 Tunnel Blvd	0.31mi	3/1.0	1,098 (+11%)	9mo	$175,000	$159	58
822 Sylvan Dr	0.62mi	3/1.0	960 (-3%)	23mo	$171,745	$179	45
716 Larkin Ave	0.58mi	2/1.0 (-1)	1,112 (+12%)	11mo	$214,000	$192	36
607 Over St	0.70mi	2/1.0 (-1)	876 (-12%)	22mo	$79,000	$90	23

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-12,486
• Equity at exit: $22,216

10-year hold

• IRR: -1.7%
• Equity multiple: 0.90×
• Total profit: $-4,289
• Equity at exit: $12,883

Cash invested: $41,720 (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 37411

• Rents YoY: 0.7%
• Active inventory: 127
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$781
• Tax from tax record: −$27 /mo · $323/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $233

Break-even live

Break-even rent $1,102

Max offer price $149,000

Occupancy floor 78%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	23d	1	0.29mi
719 Belle Vista Ave Chattanooga, TN	3.0	1.0	840	$1,299	$1.55	21d	1	0.38mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	13d	1	0.44mi
30 Woodlawn Dr Unit C Chattanooga, TN	2.0	2.0	1000	$1,200	$1.20	23d	1	0.56mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	23d	1	0.61mi
3301 Pinewood Ave Chattanooga, TN	2.0	1.0	900	$1,094	$1.22	23d	3	0.64mi
925 Shallowford Rd Chattanooga, TN	1.0–2.0	1.0	720	$950	$1.32	23d	3	0.67mi
3621 Monte Vista Dr Chattanooga, TN	2.0	1.0	725	$1,200	$1.66	23d	1	0.72mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	13d	1	0.82mi
506 Sequoia Dr Unit 506 Chattanooga, TN	3.0	2.0	945	$1,400	$1.48	23d	1	0.86mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	23d	1	0.89mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	13d	1	0.95mi
3632 Idlewild Cir Chattanooga, TN	2.0	1.5	850	$1,150	$1.35	23d	1	1.04mi
1010 N Larchmont Dr Unit B Chattanooga, TN	2.0	1.0	900	$1,200	$1.33	13d	1	1.12mi
405 Donaldson Rd Unit B Chattanooga, TN	2.0	2.0	936	$1,400	$1.50	23d	1	1.15mi
700 N Moore Rd Chattanooga, TN	2.0	1.0	800	$1,399	$1.75	13d	1	1.16mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	23d	1	1.20mi
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	13d	1	1.29mi
5019 Greenview Dr Chattanooga, TN	2.0	1.0	768	$1,200	$1.56	21d	1	1.36mi

Listing history 9 events

1. 2026-05-06
   status Pending
2. 2026-04-26
   status Active
3. 2026-04-23
   status Pending
4. 2026-04-20
   status Active
5. 2026-04-20
   price $149,000
6. 2026-03-10
   status Active
7. 2026-03-02
   status Pending
8. 2026-02-20
   listed $129,000 Active
9. 2013-07-15
   soldstatus $3,727,608

ⓘ 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: $323 · $27/mo
• Projected year-2 tax: $1,058 · $88/mo
• Expected delta: +$735/yr (+$61/mo · 227.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $16,764
• − Mortgage interest: −$8,346
• − Property taxes: −$323
• − Insurance: −$745
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$4,335
• Taxable income: $333
• Est. tax owed @ 24.0%: −$80
• After-tax cash flow: $2,719/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): 18,997
• Household income: $56,579
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 685.0

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 0.63)
• Race & ethnicity: Black 48% White 37% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Italian 2% Slovak 2% Romanian 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 6% Arabic 0%

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: ▼ -190.85%
• Current HPI: 240.2557
• Rent YoY: ▲ 0.73%
• 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

-96.0% since first listed

9 events — show timeline

• 2026-05-06 Pending — GCAR
• 2026-04-26 Relisted — GCAR
• 2026-04-23 Pending — GCAR
• 2026-04-20 Relisted — GCAR
• 2026-04-20 Price Changed $149,000 GCAR
• 2026-03-10 Relisted — GCAR
• 2026-03-02 Pending — GCAR
• 2026-02-20 Listed $129,000 GCAR
• 2013-07-15 Sold (Public Records) $3,727,608 Public Records

Property tax history

+1.2%/yr

Latest (2025): $323 · +8.4% YoY. Source: county tax records.