1610 Parkway Dr · Chattanooga, TN 37406

$200,000

3 bd · 1.0 ba · 1,266 sqft · SingleFamily public records · 14 Days on market

Built 1947 10,018 sqft lot Est $235k · 15% 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 +15.6/30.0
• ARV discount +14.3/15.0
• DSCR +4.8/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• 1% rule +3.0/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Historic Charm Meets Contemporary Amenities! With its perfect blend of vintage character and modern upgrades, this Chattanooga gem offers everything you need for a move-in ready home or your next rental property. HVAC, roof, and water heater are just 2 years old. Plumbing, electrical, bathrooms, and kitchen have all been recently updated. Outside you'll find a spacious and level backyard with a fence for added security and privacy. Located just minutes from downtown Chattanooga, you'll enjoy easy access to local dining, shopping, parks, and entertainment, while still having a peaceful retreat to call home. This is a rare opportunity to own a piece of Chattanooga history equipped with modern

Key facts

• Vintage character
• Fence for security
• Spacious backyard

Tags

• VINTAGE CHARACTER
• MODERN UPGRADES
• SPACIOUS BACKYARD
• LEVEL BACKYARD
• FENCE FOR SECURITY

Property features AI

Exterior

• Parking: Asphalt driveway; Off-street parking
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; Residential property
• Construction: Vinyl siding; Block foundation; Asphalt shingle roof; Built with asphalt roofing materials
• Exterior features: Back yard; Level lot; Chain link fencing; No additional exterior features listed

Interior

• Kitchen: Refrigerator; Free-standing electric oven
• Bedrooms: Total of 8 rooms (bedroom count not specified)
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central electric cooling (Central Air)
• Interior features: Water heater; Refrigerator; Free-standing electric oven; Vinyl flooring; Crawl space
• Laundry & utility: Washer hookup on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $17 ($198/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 $160k (19.8% below list).
• Recommended offer: $160k (19.8% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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); 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 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; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $1k of loan paydown is wiped out by about $6k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $95k; list at $200k implies a 111% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $160,430 (19.8% below list)

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 0.80% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.78%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $235,476
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3604 Wilcox Blvd	0.11mi	3/1.0	1,184 (-6%)	4mo	$145,000	$122	80
1121 Orangewood Ave	0.63mi	3/1.0	1,213 (-4%)	6mo	$100,000	$82	59
1117 Belmeade Ave	0.44mi	2/1.0 (-1)	1,167 (-8%)	4mo	$185,000	$159	58
1826 Dogwood Dr	0.38mi	3/1.0	1,146 (-10%)	12mo	$239,000	$209	56
1000 Belmeade Ave	0.60mi	3/2.0	1,242 (-2%)	11mo	$255,000	$205	56
1417 Tunnel Blvd	0.19mi	2/1.0 (-1)	1,080 (-15%)	9mo	$100,000	$93	54
1112 Overlook Ave	0.51mi	3/2.0	1,288 (+2%)	18mo	$265,000	$206	54
1014 Jarvis Ave	0.55mi	3/2.0	1,176 (-7%)	9mo	$165,000	$140	51
3204 Hoyt St	0.54mi	3/1.0	1,100 (-13%)	3mo	$205,000	$186	51
944 Shallowford Rd	0.64mi	3/2.5	1,300 (+3%)	13mo	$297,000	$228	49
1028 Overlook Ave	0.59mi	3/2.5	1,300 (+3%)	17mo	$265,000	$204	48
1860 Greenwood Rd	0.71mi	3/2.0	1,432 (+13%)	12mo	$170,000	$119	31

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: -13.6%
• Equity multiple: 0.50×
• Total profit: $-27,902
• Equity at exit: $29,821

10-year hold

• IRR: -2.0%
• Equity multiple: 0.85×
• Total profit: $-8,120
• Equity at exit: $17,292

Cash invested: $56,000 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,604 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$83
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $17

Break-even live

Break-even rent $1,583

Max offer price $200,000

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	13d	1	0.13mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	23d	1	0.42mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	13d	1	0.49mi
3868 Mark Twain Cir Chattanooga, TN	4.0	2.0	1841	$1,775	$0.96	23d	1	0.50mi
3715 Rollingwood Dr Chattanooga, TN	3.0	1.5	1200	$1,400	$1.17	23d	1	0.52mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	23d	1	0.74mi
2323 Green Forest Dr Chattanooga, TN	2.0	2.5	1404	$1,750	$1.25	13d	1	0.75mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	13d	1	0.85mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	13d	1	0.86mi
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	23d	1	0.91mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	23d	1	0.91mi
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	23d	1	1.03mi
3518 Ridgeside Rd Chattanooga, TN	4.0	2.0	1409	$1,375	$0.98	23d	1	1.20mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	23d	1	1.23mi
1706 Wheeler Ave Chattanooga, TN	3.0	1.0	1317	$1,625	$1.23	23d	1	1.27mi
409 Booth Rd Chattanooga, TN	3.0	2.0	1530	$1,695	$1.11	23d	1	1.31mi
4224 Victory St Chattanooga, TN	3.0	2.0	1736	$1,995	$1.15	23d	1	1.34mi
1601 Arlington Ave Chattanooga, TN	3.0	1.0	1416	$1,650	$1.17	13d	1	1.36mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	13d	1	1.37mi
745 Henderson Dr Chattanooga, TN	3.0	2.0	1275	$1,495	$1.17	23d	1	1.38mi
2400 Crutchfield St Chattanooga, TN	3.0	1.0	984	$1,200	$1.22	21d	1	1.39mi
2829 New Jersey Ave Chattanooga, TN	3.0	2.0	1120	$1,295	$1.16	13d	1	1.40mi
2009 Taylor St Chattanooga, TN	3.0	1.5	1800	$1,950	$1.08	23d	1	1.45mi
310 Gillespie Rd Chattanooga, TN	2.0	1.0	1225	$1,650	$1.35	23d	1	1.48mi

Listing history 11 events

1. 2026-06-18
   days on market $200,000 Active 14 DOM
2. 2026-06-17
   days on market $200,000 Active 13 DOM
3. 2026-06-16
   days on market $200,000 Active 12 DOM
4. 2026-06-15
   days on market $200,000 Active 11 DOM
5. 2026-06-14
   days on market $200,000 Active 9 DOM
6. 2026-06-10
   days on market $200,000 Active 6 DOM
7. 2026-06-09
   days on market $200,000 Active 5 DOM
8. 2026-06-08
   days on market $200,000 Active 4 DOM
9. 2026-06-07
   days on market $200,000 Active 3 DOM
10. 2026-06-05
    remarks 699-char remark
11. 2026-06-05
    listed $200,000 Active 1 DOM

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $1,420 · $118/mo
• Expected delta: +$793/yr (+$66/mo · 126.4%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 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: $19,252
• − Mortgage interest: −$11,203
• − Property taxes: −$627
• − Insurance: −$1,798
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$5,818
• Taxable loss: −$3,275
• Est. tax savings @ 24.0%: +$786
• After-tax cash flow: $984/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

+456.3% since first listed

13 events — show timeline

• 2026-06-04 Listed $200,000 GCAR
• 2025-08-11 Rental Removed $1,425 TENANTTURNER2
• 2025-08-01 Price Changed $1,425 TENANTTURNER2
• 2025-07-26 Price Changed $1,499 TENANTTURNER2
• 2025-07-23 Price Changed $1,525 TENANTTURNER2
• 2025-07-15 Price Changed $1,595 TENANTTURNER2
• 2025-06-26 Listed for Rent $1,695 TENANTTURNER2
• 2025-05-07 Price Changed $229,900 GCAR
• 2025-04-14 Price Changed $236,900 GCAR
• 2024-12-02 Price Changed $242,800 GCAR
• 2024-11-08 Listed $249,900 GCAR
• 2024-02-26 Sold (Public Records) $95,000 Public Records
• 1987-08-27 Sold (Public Records) $35,950 Public Records

Property tax history

+6.4%/yr

Latest (2025): $627 · +99.5% YoY. Source: county tax records.