2513 O Rear St · Chattanooga, TN 37406

$112,000

2 bd · 1.0 ba · 904 sqft · SingleFamily public records · 120 Days on market

Built 1928 3,400 sqft lot Est $119k · 6% 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 +26.7/30.0
• ARV discount +10.3/15.0
• DSCR +9.2/10.0
• 1% rule +5.8/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RIVERVIEW- TAKE OVER TO DODSON-R- L-ON APPLING STOP SIGN ON CORNER OF APPLING & OREN FORECLOSURE, CHECK ALL PERTIENT INFO FOR YOUR BUYERS. SELLER SELLING AS IS, WHERE IS. VERIFY SCHOOLS

Key facts

• 3,400 sq ft lot
• Built 1928
• Listed 120 days

Property features AI

Exterior

• Parking: Off-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; One story; House
• Construction: Block construction; Block foundation; Shingle roof; Built as a single-family house
• Exterior features: Front covered porch; Porch

Interior

• Kitchen: Refrigerator; Electric range; Dishwasher; Electric water heater
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Wood window frames; Smoke detectors installed
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $112k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $112k).
• Recommended offer: $102k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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: Hardy Elementary School (math 8% / reading 2%, grade F, #896 of 952 statewide, top 96%, 435 students, 0% FRL); Orchard Knob Middle (math 5% / reading 6%, grade F, #291 of 333 statewide, top 88%, 334 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 6% at this address vs 31% district-wide (-25 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 rising fast (+5.1%/yr); 127 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 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 $774 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y 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

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,920 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.08% ✓
• Cap rate: 9.55%
• Cash-on-cash: 11.63%
• DSCR: 1.52
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $119,328
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2313 Appling St	0.03mi	2/1.0	840 (-7%)	23mo	$98,000	$117	67
2605 Wilder St	0.50mi	2/1.0	871 (-4%)	10mo	$115,000	$132	62
3301 Taylor St	0.61mi	2/1.0	1,000 (+11%)	4mo	$205,000	$205	51
3201 Curtis St	0.56mi	2/1.0	1,026 (+14%)	1mo	$80,000	$78	50
2014 Curtis St	0.59mi	2/1.0	792 (-12%)	13mo	$195,000	$246	40

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 · 5.13% rent growth · sell at horizon

5-year hold

• IRR: 3.1%
• Equity multiple: 1.12×
• Total profit: $3,806
• Equity at exit: $16,700

10-year hold

• IRR: 14.4%
• Equity multiple: 2.26×
• Total profit: $39,388
• Equity at exit: $9,684

Cash invested: $31,360 (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 37406

• Home prices YoY: -23.8%
• Rents YoY: 5.1%
• Active inventory: 127
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,213 high
• Mortgage (P&I): −$587
• Tax from tax record: −$20 /mo · $241/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $304

Break-even live

Break-even rent $828

Max offer price $112,000

Occupancy floor 70%

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2305 Glass St Chattanooga, TN	2.0	1.0	738	$1,050	$1.42	23d	1	0.19mi
2512 Boone St Chattanooga, TN	3.0	1.0	1060	$1,150	$1.08	13d	1	0.27mi
2400 Crutchfield St Chattanooga, TN	3.0	1.0	984	$1,200	$1.22	21d	1	0.28mi
2405 Harley St Chattanooga, TN	2.0	1.0	700	$1,199	$1.71	13d	1	0.28mi
2215 Allin St Unit A Chattanooga, TN	2.0	1.0	700	$899	$1.28	23d	1	0.68mi
2829 New Jersey Ave Chattanooga, TN	3.0	2.0	1120	$1,295	$1.16	13d	1	0.85mi
1707 Arlington Ave Unit B Chattanooga, TN	2.0	1.0	760	$1,000	$1.32	23d	1	0.88mi
2113 Ocoee St Unit 2113 Chattanooga, TN	2.0	1.0	780	$950	$1.22	23d	1	0.91mi
1754 Ocoee St Chattanooga, TN	3.0	1.5	1050	$1,250	$1.19	13d	1	1.04mi
1409 Bradt St Chattanooga, TN	3.0	1.0	960	$1,275	$1.33	23d	1	1.10mi
1310 Roanoke Ave Chattanooga, TN	2.0	1.0	792	$1,350	$1.70	23d	1	1.23mi
1237 Wheeler Ave Unit B Chattanooga, TN	2.0	1.0	845	$1,125	$1.33	23d	1	1.28mi
1301 N Orchard Knob Ave Chattanooga, TN	2.0	1.0	864	$1,095	$1.27	23d	1	1.29mi
1228 Sholar Ave Chattanooga, TN	2.0	1.0	799	$1,199	$1.50	23d	1	1.41mi
1226 Sholar Ave Chattanooga, TN	2.0	1.0	799	$1,099	$1.38	13d	1	1.42mi
1820 Tunnel Blvd Chattanooga, TN	1.0	1.0	640	$995	$1.55	23d	1	1.47mi

Listing history 23 events

1. 2026-06-18
   days on market $112,000 Active 120 DOM
2. 2026-06-17
   days on market $112,000 Active 119 DOM
3. 2026-06-16
   days on market $112,000 Active 118 DOM
4. 2026-06-15
   days on market $112,000 Active 117 DOM
5. 2026-06-14
   days on market $112,000 Active 115 DOM
6. 2026-06-10
   days on market $112,000 Active 112 DOM
7. 2026-06-09
   days on market $112,000 Active 111 DOM
8. 2026-06-08
   days on market $112,000 Active 110 DOM
9. 2026-06-07
   days on market $112,000 Active 109 DOM
10. 2026-06-05
    days on market $112,000 Active 106 DOM
11. 2026-06-03
    days on market $112,000 Active 105 DOM
12. 2026-06-02
    days on market $112,000 Active 104 DOM
13. 2026-06-01
    days on market $112,000 Active 103 DOM
14. 2026-05-31
    days on market $112,000 Active 102 DOM
15. 2026-05-30
    days on market $112,000 Active 101 DOM
16. 2026-04-07
    price $112,000
17. 2026-02-18
    listed $117,000 Active
18. 2013-07-15
    soldstatus $3,727,608
19. 2011-05-02
    soldstatus $300,900
20. 2006-12-22
    soldstatus $178,000
21. 2001-06-29
    soldstatus $14,500 191-char remark

    Show marketing remark (191 chars)

    RIVERVIEW- TAKE OVER TO DODSON-R- L-ON APPLING STOP SIGN ON CORNER OF APPLING & OREN FORECLOSURE, CHECK ALL PERTIENT INFO FOR YOUR BUYERS. SELLER SELLING AS IS, WHERE IS. VERIFY SCHOOLS

22. 2001-06-04
    soldstatus $14,500
23. 2001-03-26
    listed $17,900 191-char remark

    Show marketing remark (191 chars)

    RIVERVIEW- TAKE OVER TO DODSON-R- L-ON APPLING STOP SIGN ON CORNER OF APPLING & OREN FORECLOSURE, CHECK ALL PERTIENT INFO FOR YOUR BUYERS. SELLER SELLING AS IS, WHERE IS. VERIFY SCHOOLS

ⓘ 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: $241 · $20/mo
• Projected year-2 tax: $795 · $66/mo
• Expected delta: +$554/yr (+$46/mo · 230.0%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $14,552
• − Mortgage interest: −$6,274
• − Property taxes: −$241
• − Insurance: −$560
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$3,258
• Taxable income: $1,891
• Est. tax owed @ 24.0%: −$454
• After-tax cash flow: $3,193/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): 13,364
• Household income: $44,850
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 759.0

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 Black (70%)
• Race & ethnicity: Black 70% White 21% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▼ -63.73%
• Current HPI: 203.5858
• Rent YoY: ▲ 5.13%
• 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

+525.7% since first listed

8 events — show timeline

• 2026-04-07 Price Changed $112,000 GCAR
• 2026-02-18 Listed $117,000 GCAR
• 2013-07-15 Sold (Public Records) $3,727,608 Public Records
• 2011-05-02 Sold (Public Records) $300,900 Public Records
• 2006-12-22 Sold (Public Records) $178,000 Public Records
• 2001-06-29 Sold (MLS) $14,500 GCAR
• 2001-06-04 Sold (Public Records) $14,500 Public Records
• 2001-03-26 Listed $17,900 GCAR

Property tax history

+0.5%/yr

Latest (2025): $241 · +16.8% YoY. Source: county tax records.