721 Larkin Ave · Chattanooga, TN 37411

$155,000

3 bd · 1.0 ba · 1,317 sqft · SingleFamily public records · 320 Days on market

Built 1940 6,751 sqft lot Est $270k · 43% 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.0/10.0
• 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

Charming 3-Bedroom Home in the Heart of Chattanooga's Woodmore Neighborhood Welcome to 721 Larkin Ave, a delightful 3-bedroom, 1-bathroom single-family home nestled in the Woodmore-Dalewood neighborhood of Chattanooga, TN. Built in 1940, this 1,317 sq. ft. gem blends classic charm with modern potential, offering a perfect opportunity for first-time buyers, investors, or those seeking a cozy retreat just minutes from downtown. Chattanooga. Step inside to discover a warm and inviting layout with abundant natural light, showcasing the home's timeless character. The spacious living area flows seamlessly into a functional kitchen, ready for your personal touch. Three generously sized bedrooms pr

Key facts

• Level yard
• Top rated schools
• Shopping and dining

Tags

• WOODMORE NEIGHBORHOOD
• LEVEL YARD
• PROXIMITY TO RUBY FALLS
• TOP RATED SCHOOLS
• SHOPPING AND DINING

Property features AI

Finance

• Other: Lot is sloped with asphalt city-street frontage on a public maintained road (lot dimensions 50 x 135, approximately 0.16 acres)
• Financial info: No financial investment details provided
• HOA & community: No community features listed

Exterior

• Parking: Concrete driveway
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected; Sewer connected
• Home design: Single-family residence; One story
• Construction: HardiPlank-type siding; Block foundation; Shingle roof; House
• Exterior features: Covered porch; Porch; No additional exterior features listed

Interior

• Kitchen: Refrigerator; Electric range and oven; Cooktop
• Bedrooms: Total rooms: 5
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Breakfast bar; Laminate counters; Aluminum-frame windows with storm windows; Water heater
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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: 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; 31 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 $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 320 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y ago; this cycle's ask has dropped $23k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 320 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.00% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $269,985
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
733 Talley Rd	0.06mi	3/1.5	1,296 (-2%)	17mo	$176,000	$136	78
4212 Midland Pike	0.20mi	3/2.0	1,232 (-6%)	4mo	$263,050	$214	73
3905 Howard Ave	0.50mi	3/1.5	1,361 (+3%)	5mo	$238,400	$175	65
520 Phoenix Ave	0.28mi	2/1.0 (-1)	1,380 (+5%)	14mo	$178,000	$129	62
944 Shallowford Rd	0.45mi	3/2.5	1,300 (-1%)	13mo	$297,000	$228	60
1202 Collins Cir	0.44mi	2/2.0 (-1)	1,371 (+4%)	11mo	$249,000	$182	54
4598 Midland Pike	0.45mi	3/2.0	1,444 (+10%)	7mo	$304,000	$211	53
1028 Overlook Ave	0.56mi	3/2.5	1,300 (-1%)	17mo	$265,000	$204	52
1112 Overlook Ave	0.60mi	3/2.0	1,288 (-2%)	18mo	$265,000	$206	49
4809 Tomahawk Trl	0.71mi	2/1.0 (-1)	1,358 (+3%)	16mo	$241,000	$177	44
1000 Belmeade Ave	0.72mi	3/2.0	1,242 (-6%)	11mo	$255,000	$205	44
4805 Arrowhead Trl	0.73mi	3/2.0	1,162 (-12%)	1mo	$240,000	$207	42

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: -6.5%
• Equity multiple: 0.76×
• Total profit: $-10,256
• Equity at exit: $23,111

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $895
• Equity at exit: $13,402

Cash invested: $43,400 (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: 8.3×

Monthly cashflow live

• Estimated rent: $1,556 high
• Mortgage (P&I): −$813
• Tax from tax record: −$63 /mo · $758/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $289

Break-even live

Break-even rent $1,191

Max offer price $155,000

Occupancy floor 76%

Sensitivity live

Price	-10% $377	-5% $333	+0% $289	+5% $245	+10% $201
Rent	-10% $166	-5% $227	+0% $289	+5% $350	+10% $412
Rate	-1.0pp $367	-0.5pp $328	base $289	+0.5pp $249	+1.0pp $208

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	24d	1	0.14mi
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	24d	1	0.14mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	14d	1	0.26mi
4224 Victory St Chattanooga, TN	3.0	2.0	1736	$1,995	$1.15	24d	1	0.29mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	24d	1	0.31mi
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	24d	1	0.32mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	14d	1	0.40mi
745 Henderson Dr Chattanooga, TN	3.0	2.0	1275	$1,495	$1.17	24d	1	0.44mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	14d	1	0.46mi
3518 Ridgeside Rd Chattanooga, TN	4.0	2.0	1409	$1,375	$0.98	24d	1	0.63mi
300 Crestway Dr Chattanooga, TN	2.0	1.0	1164	$1,675	$1.44	14d	1	0.65mi
506 Sequoia Dr Unit 506 Chattanooga, TN	3.0	2.0	945	$1,400	$1.48	24d	1	0.67mi
310 Gillespie Rd Chattanooga, TN	2.0	1.0	1225	$1,650	$1.35	24d	1	0.69mi
1010 N Larchmont Dr Unit B Chattanooga, TN	2.0	1.0	900	$1,200	$1.33	14d	1	0.72mi
409 Booth Rd Chattanooga, TN	3.0	2.0	1530	$1,695	$1.11	24d	1	0.75mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	24d	1	0.77mi
611 Woodvale Ave Chattanooga, TN	3.0	1.5	1299	$1,800	$1.39	24d	1	0.85mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	14d	1	0.93mi
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	14d	1	0.99mi
5008 Golfview Dr Chattanooga, TN	3.0	2.0	1830	$1,853	$1.01	24d	1	1.11mi
30 Woodlawn Dr Unit C Chattanooga, TN	2.0	2.0	1000	$1,200	$1.20	24d	1	1.11mi
3301 Pinewood Ave Chattanooga, TN	2.0	1.0	900	$1,094	$1.22	24d	3	1.16mi
32 S Germantown Rd Unit 1 Chattanooga, TN	2.0	2.0	1161	$1,100	$0.95	24d	1	1.19mi
3617 Monte Vista Dr Chattanooga, TN	3.0	2.0	1628	$1,823	$1.12	14d	1	1.19mi
3868 Mark Twain Cir Chattanooga, TN	4.0	2.0	1841	$1,775	$0.96	24d	1	1.22mi
210 Buena Vista Dr Unit 4 Chattanooga, TN	2.0	1.5	1500	$1,495	$1.00	24d	1	1.26mi
111 N Seminole Dr Chattanooga, TN	4.0	2.0	1500	$2,200	$1.47	24d	1	1.29mi
213 N Saint Marks Ave Chattanooga, TN	3.0	2.0	1337	$1,600	$1.20	14d	1	1.29mi
211 N Saint Marks Ave Chattanooga, TN	3.0	2.0	1485	$1,600	$1.08	14d	1	1.30mi
3715 Rollingwood Dr Chattanooga, TN	3.0	1.5	1200	$1,400	$1.17	24d	1	1.33mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	24d	1	1.50mi

Listing history 26 events

1. 2026-06-18
   days on market $155,000 Active 320 DOM
2. 2026-06-17
   days on market $155,000 Active 319 DOM
3. 2026-06-16
   days on market $155,000 Active 318 DOM
4. 2026-06-15
   days on market $155,000 Active 317 DOM
5. 2026-06-14
   days on market $155,000 Active 315 DOM
6. 2026-06-10
   days on market $155,000 Active 312 DOM
7. 2026-06-09
   days on market $155,000 Active 311 DOM
8. 2026-06-08
   days on market $155,000 Active 310 DOM
9. 2026-06-07
   days on market $155,000 Active 309 DOM
10. 2026-06-05
    days on market $155,000 Active 306 DOM
11. 2026-06-03
    days on market $155,000 Active 305 DOM
12. 2026-06-02
    days on market $155,000 Active 304 DOM
13. 2026-06-01
    days on market $155,000 Active 303 DOM
14. 2026-05-31
    days on market $155,000 Active 302 DOM
15. 2026-05-30
    days on market $155,000 Active 301 DOM
16. 2025-11-03
    status Active
17. 2025-10-30
    historical
18. 2025-10-21
    price $155,000
19. 2025-08-29
    price $169,000
20. 2025-07-29
    listed $178,000 Active
21. 2022-02-17
    soldstatus $120,000
22. 2013-08-08
    soldstatus $13,000
23. 2008-01-13
    listed $73,000
24. 2006-09-15
    soldstatus $64,000
25. 2003-11-16
    listed $67,900
26. 1985-12-20
    soldstatus $29,500

ⓘ 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: $758 · $63/mo
• Projected year-2 tax: $1,100 · $92/mo
• Expected delta: +$342/yr (+$29/mo · 45.1%)

ⓘ 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 · 19 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: $18,674
• − Mortgage interest: −$8,682
• − Property taxes: −$758
• − Insurance: −$775
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$4,509
• Taxable income: $962
• Est. tax owed @ 24.0%: −$231
• After-tax cash flow: $3,235/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

+425.4% since first listed

11 events — show timeline

• 2025-11-03 Relisted — GCAR
• 2025-10-30 Delisted — GCAR
• 2025-10-21 Price Changed $155,000 GCAR
• 2025-08-29 Price Changed $169,000 GCAR
• 2025-07-29 Listed $178,000 GCAR
• 2022-02-17 Sold (Public Records) $120,000 Public Records
• 2013-08-08 Sold (MLS) $13,000 GCAR
• 2008-01-13 Listed $73,000 RCAOR
• 2006-09-15 Sold (Public Records) $64,000 Public Records
• 2003-11-16 Listed $67,900 RCAOR
• 1985-12-20 Sold (Public Records) $29,500 Public Records

Property tax history

+6.6%/yr

Latest (2025): $758 · +50.3% YoY. Source: county tax records.