53 Charlsie Trl · Chattanooga, TN 30741

$49,995

2 bd · 1.0 ba · 765 sqft · SingleFamily · 608 Days on market

Built 2024 Good condition $65/sqft · 64% below area ↓ 7% since listing

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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
• Rent growth +4.4/5.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the 2023 Tru 2-Bedroom, 2-Bath Home - where modern comfort meets energy efficiency. With 765 square feet of thoughtfully designed living space, this home offers the perfect blend of style and sustainability. Equipped with an Ecobee thermostat, you'll enjoy personalized climate control that helps you save on energy costs. The kitchen features sleek Frigidaire appliances, providing both reliability and a contemporary touch. A 40-gallon water heater ensures you have ample hot water when you need it. Ideal for those who value efficiency without compromising on comfort, this home is your sanctuary for modern living. Nestled in a pet-friendly neighborhood, this home boasts a host of convenient amenities, including all appliances, decks, and off-street parking. Enjoy the proximity to local schools and shopping, as well as the on-site management for added peace of mind. Whether you're looking to lease with a purchase option or buy outright, this home presents an exceptional opportunity to own your own home in a desirable location. Embrace the quiet charm of Rossville while being just a short distance from the excitement of Chattanooga. Don't miss your chance to make this your new affordable haven.

Key facts

• Built 2024
• Listed 608 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.2% 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.
• Walker County (rural): math 25% / reading 29% proficiency, ranked #114 of 174 in GA (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rossville Elementary School (math 22% / reading 17%, grade F, #878 of 1,228 statewide, top 75%, 416 students, 91% FRL); Rossville Middle School (math 13% / reading 25%, grade F, #368 of 470 statewide, top 79%, 444 students, 81% FRL); Ridgeland High School (math 23% / reading 19%, grade F, #225 of 424 statewide, top 54%, 1,244 students, 70% FRL) — zoned schools average 81% FRL vs 61% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.4%/yr); 20 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 347 units permitted in Walker County in 2024 (24 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Walker County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 608 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,995 (12.0% below list)

Questions for the listing agent

1. It's been on market 608 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 2.45% ✓
• Cap rate: 21.20%
• Cash-on-cash: 53.23%
• DSCR: 3.37
• GRM: 3.4

CMA / ARV

• ARV (median comp): $137,988
• List price: $49,995
• Delta: -63.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
215 Spruce St	0.73mi	2/1.0	776 (+1%)	17mo	$77,000	$99	49
824 Henderson Ave	0.67mi	2/1.0	750 (-2%)	20mo	$155,000	$207	48
801 Lee Ave	0.72mi	2/1.0	856 (+12%)	2mo	$160,000	$187	45
803 Lee Ave	0.72mi	2/1.5	815 (+6%)	11mo	$149,000	$183	44
1414 Happy Valley Rd	0.71mi	1/1.0 (-1)	793 (+4%)	20mo	$82,000	$103	39

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 · 7.44% rent growth · sell at horizon

5-year hold

• IRR: 16.6%
• Equity multiple: 1.73×
• Total profit: $10,272
• Equity at exit: $7,454

10-year hold

• IRR: 30.0%
• Equity multiple: 4.69×
• Total profit: $51,712
• Equity at exit: $4,323

Cash invested: $13,999 (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 30741

• Home prices YoY: -30.7%
• Rents YoY: 7.4%
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,223 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $194

Break-even live

Break-even rent $977

Max offer price $49,995

Occupancy floor 79%

Sensitivity live

Price	-10% $229	-5% $212	+0% $194	+5% $177	+10% $160
Rent	-10% $98	-5% $146	+0% $194	+5% $243	+10% $291
Rate	-1.0pp $220	-0.5pp $207	base $194	+0.5pp $181	+1.0pp $168

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: $12,499
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1007 Glentana St Lot 62 Rossville, GA	2.0	2.0	840	$35,995	$42.85	45d	1	0.10mi
817 Henderson Ave Rossville, GA	2.0	1.0	844	$1,150	$1.36	15d	1	0.64mi
804 Henderson Ave Rossville, GA	2.0	1.0	948	$1,025	$1.08	15d	1	0.65mi
505 Flegal Ave Rossville, GA	2.0	1.0	768	$1,050	$1.37	25d	1	0.70mi
1422 Wilson Rd Rossville, GA	2.0	1.0	885	$1,050	$1.19	45d	1	0.74mi
1422 Wilson Rd Rossville, GA	2.0	1.0	885	$1,050	$1.19	25d	1	0.74mi
304 Cherry St Rossville, GA	2.0	1.0	982	$1,675	$1.71	45d	1	0.76mi
515 W Gordon Ave Rossville, GA	2.0	1.0	906	$999	$1.10	45d	1	0.80mi
5200 Fagan St Chattanooga, TN	3.0	1.0	816	$1,350	$1.65	25d	1	0.85mi
5238 Dorsey St Unit A Chattanooga, TN	2.0	1.0	839	$950	$1.13	25d	1	0.89mi
5505 Central Ave Chattanooga, TN	3.0	2.0	1050	$1,725	$1.64	23d	1	0.91mi
706 Roberta Dr Unit D Rossville, GA	2.0	1.0	950	$1,099	$1.16	25d	1	0.92mi
108 Suggs St Rossville, GA	2.0	1.0	900	$1,525	$1.69	15d	1	0.93mi
1512 Wilson Rd Rossville, GA	3.0	1.5	1100	$1,295	$1.18	25d	1	0.97mi
1512 Wilson Rd Rossville, GA	3.0	1.5	1100	$1,250	$1.14	15d	1	0.97mi
4905 Central Ave Chattanooga, TN	2.0–3.0	2.0	1169	$556	$0.48	15d	2	1.24mi
107 Stegall St Rossville, GA	2.0	1.5	986	$1,149	$1.17	15d	1	1.25mi
1205 W 50th St Unit 2 Chattanooga, TN	1.0	1.0	600	$1,025	$1.71	15d	1	1.38mi
5113 Tennessee Ave Unit 58 Chattanooga, TN	1.0	1.0	700	$950	$1.36	25d	1	1.39mi
1591 Park City Rd Apt E15 Rossville, GA	2.0	1.0	1050	$1,145	$1.09	25d	1	1.47mi

Listing history 19 events

1. 2026-06-21
   days on market $49,995 Active 608 DOM
2. 2026-06-18
   days on market $49,995 Active 605 DOM
3. 2026-06-17
   days on market $49,995 Active 604 DOM
4. 2026-06-16
   days on market $49,995 Active 603 DOM
5. 2026-06-15
   days on market $49,995 Active 602 DOM
6. 2026-06-14
   days on market $49,995 Active 600 DOM
7. 2026-06-13
   days on market $49,995 Active 599 DOM
8. 2026-06-10
   days on market $49,995 Active 597 DOM
9. 2026-06-09
   days on market $49,995 Active 596 DOM
10. 2026-06-08
    days on market $49,995 Active 595 DOM
11. 2026-06-07
    days on market $49,995 Active 594 DOM
12. 2026-06-05
    days on market $49,995 Active 591 DOM
13. 2026-06-03
    days on market $49,995 Active 590 DOM
14. 2026-06-02
    days on market $49,995 Active 589 DOM
15. 2026-06-01
    days on market $49,995 Active 588 DOM
16. 2026-05-31
    days on market $49,995 Active 587 DOM
17. 2026-05-30
    days on market $49,995 Active 586 DOM
18. 2026-03-12
    price $49,995 1220-char remark

    Show marketing remark (1220 chars)

    Introducing the 2023 Tru 2-Bedroom, 2-Bath Home - where modern comfort meets energy efficiency. With 765 square feet of thoughtfully designed living space, this home offers the perfect blend of style and sustainability. Equipped with an Ecobee thermostat, you'll enjoy personalized climate control that helps you save on energy costs. The kitchen features sleek Frigidaire appliances, providing both reliability and a contemporary touch. A 40-gallon water heater ensures you have ample hot water when you need it. Ideal for those who value efficiency without compromising on comfort, this home is your sanctuary for modern living. Nestled in a pet-friendly neighborhood, this home boasts a host of convenient amenities, including all appliances, decks, and off-street parking. Enjoy the proximity to local schools and shopping, as well as the on-site management for added peace of mind. Whether you're looking to lease with a purchase option or buy outright, this home presents an exceptional opportunity to own your own home in a desirable location. Embrace the quiet charm of Rossville while being just a short distance from the excitement of Chattanooga. Don't miss your chance to make this your new affordable haven.

19. 2024-10-21
    listed $53,995 Active 1220-char remark

    Show marketing remark (1220 chars)

    Introducing the 2023 Tru 2-Bedroom, 2-Bath Home - where modern comfort meets energy efficiency. With 765 square feet of thoughtfully designed living space, this home offers the perfect blend of style and sustainability. Equipped with an Ecobee thermostat, you'll enjoy personalized climate control that helps you save on energy costs. The kitchen features sleek Frigidaire appliances, providing both reliability and a contemporary touch. A 40-gallon water heater ensures you have ample hot water when you need it. Ideal for those who value efficiency without compromising on comfort, this home is your sanctuary for modern living. Nestled in a pet-friendly neighborhood, this home boasts a host of convenient amenities, including all appliances, decks, and off-street parking. Enjoy the proximity to local schools and shopping, as well as the on-site management for added peace of mind. Whether you're looking to lease with a purchase option or buy outright, this home presents an exceptional opportunity to own your own home in a desirable location. Embrace the quiet charm of Rossville while being just a short distance from the excitement of Chattanooga. Don't miss your chance to make this your new affordable haven.

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% 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: $14,681
• − Mortgage interest: −$2,800
• − Property taxes: −$750
• − Insurance: −$5,368
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − Depreciation: −$1,454
• Taxable income: $1,958
• Est. tax owed @ 24.0%: −$470
• After-tax cash flow: $1,863/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This single-family home is in good condition with modern amenities and a well-maintained exterior. It offers a good return on investment with minor updates to landscaping and interior painting.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both painting — refreshes interior and exterior
• Both window treatments — improves energy efficiency and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both painting — refreshes interior and exterior ↑
• Both window treatments — improves energy efficiency and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Walker County
• NCES district ID: 1305370
• Math proficiency: 25% ▼ -10.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $39,889
• Composite: 22.74/100
• National rank: #8035
• State rank: #114 of 174 in GA

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: Walker County · 48,831 people
• City population: 29,236
• Metro: Chattanooga, TN-GA
• Population (ZIP): 30,041
• Household income: $58,834
• Rent vs Own: 32.3% rent · 67.7% own
• Severe rent burden: 834.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 66,050 people
• By 2030: 64,305 · -2.6%
• By 2040: 60,127 · -9.0%
• By 2050: 55,551 · -15.9%
• By 2075: 44,886 · -32.0%
• By 2100: 34,015 · -48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 5% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Slovak 3% Iranian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+59.3) · D 20.1% · R 79.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -46.8pp · 2024: -59.3pp
• All cycles: 2024: R+59.3 2020: R+59.3 2016: R+61.5 2012: R+50.2 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.05%
• Current HPI: 267.0047
• Rent YoY: ▲ 7.44%
• 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

-7.4% since first listed

2 events — show timeline

• 2026-03-12 Price Changed $49,995 Zillow
• 2024-10-21 Listed $53,995 Zillow