1724 Mountain Bay Dr · Chattanooga, TN 37343

$295,000

4 bd · 2.5 ba · 2,406 sqft · SingleFamily public records · 1 Days on market

Built 1986 0.60 ac lot Est $416k · 29% under $45/mo HOA · 2% of rent

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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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 story home needs work, with inground pool in desirable Hidden Harbor.

Key facts

• 0.6 acre lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Subdivision: Hidden Harbor
• HOA & community: Homeowners association with an annual fee of $535; Community amenities include tennis courts and a pool

Exterior

• Parking: Attached garage with garage door opener; 2 garage spaces; Kitchen-level parking
• Utilities: Public water; Septic tank sewer; Electricity connected; Cable connected
• Home design: Single-family residence; Two levels
• Construction: Brick and HardiPlank-type siding; Other construction materials; Block foundation; Shingle roof; Built on a sloped lot
• Exterior features: Deck; Patio; Privacy fencing; Community in-ground pool

Interior

• Kitchen: Down draft; Double oven; Dishwasher
• Bedrooms: Total rooms: 9
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central electric air conditioning
• Interior features: Eat-in kitchen; Pantry; Walk-in closets; Aluminum-framed insulated windows; Wood-burning fireplace located in den/family room
• Laundry & utility: Crawl space foundation (basement details)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/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 $273k (7.4% below list).
• Recommended offer: $273k (7.4% below list) — sets the bar for 1% rule.
• Cap rate 7.6% 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: Mcconnell Elementary (math 46% / reading 40%, grade F, #187 of 952 statewide, top 20%, 457 students, 0% FRL); Loftis Middle School (math 48% / reading 37%, grade D-, #33 of 333 statewide, top 10%, 593 students, 0% FRL); Hixson High School (math 22% / reading 32%, grade F, #104 of 332 statewide, top 33%, 935 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 (+2.4%/yr); 459 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 40% of the median local income ($82k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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

• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $273,078 (7.4% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.93% ✗
• Cap rate: 7.62%
• Cash-on-cash: 4.73%
• DSCR: 1.21
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $416,238
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1724 Mountain Bay Dr	0.00mi	4/2.5	2,500 (+4%)	1mo	$295,000	$118	93
1716 Mountain Bay Dr	0.04mi	3/2.5 (-1)	2,249 (-6%)	3mo	$390,000	$173	80
6577 Fairview Rd	0.43mi	4/2.5	2,430 (+1%)	8mo	$529,000	$218	72
1745 Hidden Harbor Rd	0.34mi	4/2.5	2,537 (+5%)	24mo	$427,450	$168	55
6416 Sea Haven Dr	0.70mi	3/3.5 (-1)	2,339 (-3%)	2mo	$435,000	$186	52
1938 Rock Bluff Rd	0.48mi	4/3.0	2,520 (+5%)	22mo	$345,000	$137	49
6415 Lake Meadows Dr	0.46mi	4/2.5	2,068 (-14%)	11mo	$390,000	$189	46
6500 Shallowmar Ln	0.49mi	5/3.0 (+1)	2,550 (+6%)	21mo	$352,775	$138	43

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.65×
• Total profit: $-28,779
• Equity at exit: $43,985

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-5,263
• Equity at exit: $25,506

Cash invested: $82,600 (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 37343

• Rents YoY: 2.4%
• Active inventory: 459
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,731 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$117 /mo · $1,405/yr
• Insurance: −$123
• HOA: −$45
• Vacancy / Maint / Mgmt: −$573
• Net cashflow: $325

Break-even live

Break-even rent $2,319

Max offer price $295,000

Occupancy floor 83%

Sensitivity live

Price	-10% $492	-5% $409	+0% $325	+5% $242	+10% $158
Rent	-10% $110	-5% $217	+0% $325	+5% $433	+10% $541
Rate	-1.0pp $474	-0.5pp $400	base $325	+0.5pp $249	+1.0pp $171

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6351 Sea Haven Dr Hixson, TN	4.0	2.5	2386	$3,050	$1.28	24d	1	0.97mi
7716 Canopy Cir Hixson, TN	3.0–4.0	2.0–3.0	2161	$3,142	$1.45	15d	8	1.15mi
1307 Greenbrook Ln Hixson, TN	3.0	2.0	1848	$1,850	$1.00	24d	1	1.28mi

HOA detail

• Monthly dues: $45 · $540/yr
• Likely covers: pool

Listing history 8 events

1. 2026-05-29
   soldstatus $295,000 Closed

   Show marketing remark (71 chars)

   2 story home needs work, with inground pool in desirable Hidden Harbor.

2. 2026-05-29
   soldstatus $295,000 71-char remark

   Show marketing remark (71 chars)

   2 story home needs work, with inground pool in desirable Hidden Harbor.

3. 2026-05-27
   status Pending

   Show marketing remark (71 chars)

   2 story home needs work, with inground pool in desirable Hidden Harbor.

4. 2026-05-27
   listed $295,000 71-char remark

   Show marketing remark (71 chars)

   2 story home needs work, with inground pool in desirable Hidden Harbor.

5. 2026-05-23
   listed $295,000 Active
6. 1999-09-01
   soldstatus $144,000
7. 1999-08-19
   soldstatus $150,000
8. 1997-07-31
   soldstatus $139,900

ⓘ 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: $1,405 · $117/mo
• Projected year-2 tax: $2,094 · $175/mo
• Expected delta: +$690/yr (+$57/mo · 49.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 6 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $32,769
• − Mortgage interest: −$16,525
• − Property taxes: −$1,405
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,622
• − Management: −$2,622
• − HOA: −$540
• − Depreciation: −$8,582
• Taxable loss: −$1,000
• Est. tax savings @ 24.0%: +$240
• After-tax cash flow: $4,144/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

• County: Hamilton County · 312,777 people
• City population: 131,999
• Metro: Chattanooga, TN-GA
• Population (ZIP): 45,101
• Household income: $82,227
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 1152.0

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 (83%)
• Race & ethnicity: White 83% Hispanic / Latino 7% Two or more races 6% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam, South Korea
• Languages at home: 92% English-only · Spanish 5% Other Indo-European 1% Chinese 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: ▼ -324.61%
• Current HPI: 260.3778
• Rent YoY: ▲ 2.41%
• 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

+110.9% since first listed

8 events — show timeline

• 2026-05-29 Sold (MLS) $295,000 REALTRACS as Distributed by MLS Grid
• 2026-05-29 Sold (MLS) $295,000 GCAR
• 2026-05-27 Pending — GCAR
• 2026-05-27 Listed $295,000 REALTRACS as Distributed by MLS Grid
• 2026-05-23 Listed $295,000 GCAR
• 1999-09-01 Sold (Public Records) $144,000 Public Records
• 1999-08-19 Sold (Public Records) $150,000 Public Records
• 1997-07-31 Sold (Public Records) $139,900 Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,405 · -0.9% YoY. Source: county tax records.