120 Alden Ave · Red Bank, TN 37405

$179,000

3 bd · 2.0 ba · 1,093 sqft · SingleFamily public records · 32 Days on market

Built 1940 0.31 ac lot Est $270k · 34% under

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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 +14.0/30.0
• DSCR +4.2/10.0
• Rent growth +3.9/5.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

Key facts

• 0.31 acre lot
• Garage
• Built 1940

Property features AI

Exterior

• Parking: Attached garage (1-car); Garage faces side; Driveway; Concrete surfaces; Total parking spaces: 1; Covered parking: 1
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: Residential property; Three or more levels; Owner-provided area measurements
• Construction: Stone foundation; Stone construction details; Vinyl siding; Other roof material; Year built: existing
• Exterior features: Lot approximately 0.31 acres (75 x 177.1); Other lot features

Interior

• Kitchen: Refrigerator; Oven; Electric oven; Range; Electric range; Cooktop; Microwave; Ice maker; Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Wood flooring; Vinyl flooring; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Unfinished basement; Wood-burning fireplace in the living room
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $22 ($263/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 $152k (14.9% below list).
• Recommended offer: $152k (14.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.5% in Red Bank — 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 72/100 on livability (#33 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment D+, amenities F, commute 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: Red Bank Elementary (math 33% / reading 29%, grade F, #400 of 952 statewide, top 43%, 588 students, 0% FRL); Red Bank High School (math 8% / reading 37%, grade F, #156 of 332 statewide, top 49%, 824 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 rising fast (+5.6%/yr); 309 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $5k 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 32 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $16k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $74k; list at $179k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 8→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,397 (14.9% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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 D-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. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.53%
• DSCR: 1.02
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $269,971
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
267 Hedgewood Dr	0.15mi	2/2.0 (-1)	1,008 (-8%)	14mo	$325,000	$322	63
326 W Midvale Ave #18	0.31mi	2/1.5 (-1)	1,080 (-1%)	16mo	$208,000	$193	63
110 Lynda Dr	0.14mi	3/1.0	936 (-14%)	3mo	$185,000	$198	63
620 Lullwater Rd	0.66mi	2/2.0 (-1)	1,122 (+3%)	8mo	$250,000	$223	53
81 Delawanna Ter	0.48mi	2/2.0 (-1)	1,033 (-6%)	17mo	$285,000	$276	50
295 Vreeland St	0.57mi	2/1.0 (-1)	1,008 (-8%)	8mo	$249,000	$247	45

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 · 5.64% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.53×
• Total profit: $-23,463
• Equity at exit: $26,689

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-677
• Equity at exit: $15,477

Cash invested: $50,120 (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 37405

• Rents YoY: 5.6%
• Active inventory: 309
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,524 high
• Mortgage (P&I): −$939
• Tax from tax record: −$169 /mo · $2,024/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $22

Break-even live

Break-even rent $1,496

Max offer price $179,000

Occupancy floor 94%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 Goodson Ave Chattanooga, TN	2.0	1.0	711	$950	$1.34	23d	1	0.18mi
113 Goodson Ave Unit 11 Chattanooga, TN	2.0	1.0	711	$850	$1.20	13d	1	0.18mi
113 Goodson Ave Unit 10 Chattanooga, TN	2.0	1.0	711	$840	$1.18	13d	1	0.18mi
127 Goodson Ave Chattanooga, TN	1.0–2.0	1.0	792	$1,190	$1.50	23d	1	0.21mi
300 W Midvale Ave Chattanooga, TN	1.0–2.0	1.0–1.5	1050	$1,299	$1.24	13d	4	0.31mi
217 Vreeland St Chattanooga, TN	3.0	2.0	1400	$2,145	$1.53	13d	1	0.52mi
20 Mason Dr Chattanooga, TN	1.0–2.0	1.0–2.0	868	$1,802	$2.07	13d	13	0.56mi
298 Acorn Oaks Cir Chattanooga, TN	1.0–3.0	1.0–2.0	1230	$2,250	$1.83	13d	1	0.58mi
217 Sweetland Dr Chattanooga, TN	2.0	1.0	844	$950	$1.13	23d	1	0.61mi
143 Hendricks Blvd Chattanooga, TN	1.0–2.0	1.0	1100	$1,300	$1.18	23d	1	0.69mi
800 Lullwater Rd Unit 800 Chattanooga, TN	4.0	2.0	1100	$1,900	$1.73	23d	1	0.77mi
505 Mountain Ridge Rd Chattanooga, TN	2.0	1.5	1116	$1,095	$0.98	23d	1	0.89mi
2406 Lyndon Ave Unit 04 Chattanooga, TN	2.0	1.5	1000	$1,273	$1.27	13d	1	0.99mi
209 Signal View St Chattanooga, TN	3.0	2.0	1384	$1,995	$1.44	13d	1	1.00mi
109 Signal View St Unit A Chattanooga, TN	2.0	1.0	846	$1,199	$1.42	23d	1	1.04mi
105 Cross St Chattanooga, TN	3.0	1.0	1064	$2,000	$1.88	23d	1	1.06mi
723 Ladd Ave Chattanooga, TN	3.0	2.5	1412	$1,999	$1.42	13d	1	1.15mi
712 N Market St Chattanooga, TN	1.0–2.0	1.0–2.0	1170	$2,740	$2.34	23d	1	1.30mi
436 Wayne Ave Chattanooga, TN	3.0	2.5	1396	$2,295	$1.64	23d	1	1.30mi
2833 Dayton Blvd Chattanooga, TN	2.0	1.0	700	$1,081	$1.54	13d	3	1.38mi
719 Federal St Chattanooga, TN	3.0	1.0	1032	$2,250	$2.18	23d	1	1.42mi
220 Culver St Chattanooga, TN	1.0–2.0	1.0	785	$999	$1.27	13d	6	1.42mi
411 Fairpoint St #308 Chattanooga, TN	2.0	2.0	1157	$2,000	$1.73	13d	1	1.45mi
215 Baxter St Chattanooga, TN	3.0	2.0	1323	$1,700	$1.28	23d	1	1.49mi
3001 Dayton Blvd Chattanooga, TN	1.0–4.0	1.0–2.0	1275	$1,701	$1.33	13d	11	1.50mi

Listing history 13 events

1. 2026-06-01
   statusdays on market $179,000 Pending 32 DOM
2. 2026-05-31
   days on market $179,000 Active 31 DOM
3. 2026-05-30
   days on market $179,000 Active 30 DOM
4. 2026-05-20
   price $179,000 255-char remark

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

5. 2026-05-20
   price $179,000 255-char remark

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

6. 2026-05-20
   price $179,000

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

7. 2026-04-30
   listed $195,000 Active

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

8. 2026-04-30
   listed $195,000 Active 255-char remark

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

9. 2026-04-30
   listed $195,000 Active 255-char remark

   Show marketing remark (255 chars)

   Investor Special! Here is your opportunity to own a home in Red Bank for under $200k! Two story, 3 bedroom 2 bath home that is 1693 square feet with a large backyard. Put your touches on this home to make it yours! A special opportunity in a special area!

10. 2001-02-23
    soldstatus $74,000
11. 2001-02-23
    soldstatus $74,000
12. 2000-08-18
    listed $75,000
13. 1995-12-29
    soldstatus $51,900

ⓘ 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: $2,024 · $169/mo
• Projected year-2 tax: $2,024 · $169/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 8 d/yr ≥104°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,288
• − Mortgage interest: −$10,027
• − Property taxes: −$2,024
• − Insurance: −$895
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$5,207
• Taxable loss: −$2,792
• Est. tax savings @ 24.0%: +$670
• After-tax cash flow: $934/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 — Red Bank

• Score: 72/100
• State rank: #33
• US rank: #6088

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Red Bank, TN
• County: Hamilton County · 312,777 people
• City population: 42,290
• Metro: Chattanooga, TN-GA
• Population (ZIP): 18,109
• Household income: $81,337
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 875.0

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: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 4% Asian 3% Hispanic / Latino 3%
• Common ancestry: Slovak 5% Serbian 3% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% 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: ▼ -380.39%
• Current HPI: 335.8088
• Rent YoY: ▲ 5.64%
• 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

+244.9% since first listed

10 events — show timeline

• 2026-05-20 Price Changed $179,000 RCAOR
• 2026-05-20 Price Changed $179,000 GCAR
• 2026-05-20 Price Changed $179,000 REALTRACS as Distributed by MLS Grid
• 2026-04-30 Listed $195,000 REALTRACS as Distributed by MLS Grid
• 2026-04-30 Listed $195,000 GCAR
• 2026-04-30 Listed $195,000 RCAOR
• 2001-02-23 Sold (Public Records) $74,000 Public Records
• 2001-02-23 Sold (MLS) $74,000 GCAR
• 2000-08-18 Listed $75,000 GCAR
• 1995-12-29 Sold (Public Records) $51,900 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,024 · -2.3% YoY. Source: county tax records.