1109 Greenwood Rd · Chattanooga, TN 37411

$44,900

2 bd · 1.0 ba · 1,316 sqft · SingleFamily public records · 2 Days on market

Built 1948 0.30 ac lot

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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
• 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

This 2-bedroom, 1-bath home. Approximately 1,316 sq ft, this property requires a full rehab and is priced accordingly. Sold strictly AS-IS, with no repairs or concessions from the seller. Investors or buyers ready to take on a project come grab this property and get started.

Key facts

• 0.3 acre lot
• Built 1948
• Listed 2 days

Property features AI

Finance

• HOA & community: No community amenities listed

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer (sewer connected)
• Home design: Single-family residence; One level
• Construction: Built with other/unspecified construction materials; Block foundation
• Exterior features: Front covered porch; Porch; Fenced yard; No additional exterior features listed

Interior

• Bedrooms: Total of 6 rooms (includes all living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Has cooling (type listed as Other)
• Interior features: Master bedroom located on the main floor; Crawl space foundation

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $846 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 28.9% 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; 129 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 31% of the median local income ($57k/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 $310 of loan paydown is wiped out by about $1k 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 + 0.7% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,900

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 3.20% ✓
• Cap rate: 28.90%
• Cash-on-cash: 80.76%
• DSCR: 4.59
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $247,408
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1121 Orangewood Ave	0.10mi	3/1.0 (+1)	1,213 (-8%)	6mo	$100,000	$82	72
1117 Belmeade Ave	0.30mi	2/1.0	1,167 (-11%)	4mo	$185,000	$159	64
1212 Greenwood Rd	0.17mi	3/2.0 (+1)	1,350 (+3%)	22mo	$233,350	$173	61
1000 Belmeade Ave	0.34mi	3/2.0 (+1)	1,242 (-6%)	11mo	$255,000	$205	57
3403 Gay St	0.33mi	3/2.0 (+1)	1,458 (+11%)	1mo	$152,500	$105	57
3012 Peggy Ln	0.14mi	3/1.0 (+1)	1,500 (+14%)	12mo	$282,000	$188	55
1014 Jarvis Ave	0.25mi	3/2.0 (+1)	1,176 (-11%)	9mo	$165,000	$140	54
1028 Overlook Ave	0.53mi	3/2.5 (+1)	1,300 (-1%)	17mo	$265,000	$204	48
1112 Overlook Ave	0.54mi	3/2.0 (+1)	1,288 (-2%)	18mo	$265,000	$206	47
944 Shallowford Rd	0.67mi	3/2.5 (+1)	1,300 (-1%)	13mo	$297,000	$228	45
3604 Wilcox Blvd	0.65mi	3/1.0 (+1)	1,184 (-10%)	4mo	$145,000	$122	44
1532 Lillian Ln	0.61mi	3/1.0 (+1)	1,352 (+3%)	22mo	$259,900	$192	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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 78.4%
• Equity multiple: 4.45×
• Total profit: $43,408
• Equity at exit: $6,695

10-year hold

• IRR: 81.4%
• Equity multiple: 8.53×
• Total profit: $94,629
• Equity at exit: $3,882

Cash invested: $12,572 (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: 129
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,438 high
• Mortgage (P&I): −$235
• Tax from tax record: −$36 /mo · $432/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $846

Break-even live

Break-even rent $367

Max offer price $44,900

Occupancy floor 36%

Sensitivity live

Price	-10% $871	-5% $859	+0% $846	+5% $833	+10% $821
Rent	-10% $732	-5% $789	+0% $846	+5% $903	+10% $960
Rate	-1.0pp $869	-0.5pp $857	base $846	+0.5pp $834	+1.0pp $823

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	16d	1	0.18mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	25d	1	0.36mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	16d	1	0.58mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,225	$1.18	25d	1	0.60mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	16d	1	0.75mi
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	16d	1	0.76mi
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	25d	1	0.79mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	25d	1	0.83mi
409 Booth Rd Chattanooga, TN	3.0	2.0	1530	$1,695	$1.11	25d	1	0.84mi
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	25d	1	0.89mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	25d	1	0.92mi
719 McGowan Ave Chattanooga, TN	1.0	1.0	915	$855	$0.93	16d	1	0.92mi
3301 Pinewood Ave Chattanooga, TN	2.0	1.0	900	$1,094	$1.22	25d	3	0.92mi
210 Buena Vista Dr Unit 4 Chattanooga, TN	2.0	1.5	1500	$1,495	$1.00	25d	1	0.96mi
1706 Wheeler Ave Chattanooga, TN	3.0	1.0	1317	$1,625	$1.23	25d	1	1.01mi
1601 Arlington Ave Chattanooga, TN	3.0	1.0	1416	$1,650	$1.17	16d	1	1.05mi
310 Gillespie Rd Chattanooga, TN	2.0	1.0	1225	$1,650	$1.35	25d	1	1.09mi
30 Woodlawn Dr Unit C Chattanooga, TN	2.0	2.0	1000	$1,200	$1.20	25d	1	1.16mi
2105 Rawlings St Chattanooga, TN	3.0	1.0	1064	$1,300	$1.22	16d	1	1.17mi
3715 Rollingwood Dr Chattanooga, TN	3.0	1.5	1200	$1,400	$1.17	25d	1	1.18mi
4224 Victory St Chattanooga, TN	3.0	2.0	1736	$1,995	$1.15	25d	1	1.22mi
2011 Milne St Unit b Chattanooga, TN	3.0	1.0	976	$1,345	$1.38	16d	1	1.24mi
300 Crestway Dr Chattanooga, TN	2.0	1.0	1164	$1,675	$1.44	16d	1	1.24mi
2323 Green Forest Dr Chattanooga, TN	2.0	2.5	1404	$1,750	$1.25	16d	1	1.26mi
1409 Bradt St Chattanooga, TN	3.0	1.0	960	$1,275	$1.33	25d	1	1.26mi
2420 Vine St Chattanooga, TN	3.0	1.0	1260	$1,800	$1.43	25d	1	1.29mi
2009 Camden St Chattanooga, TN	3.0	1.5	1148	$1,450	$1.26	25d	1	1.29mi
2009 Taylor St Chattanooga, TN	3.0	1.5	1800	$1,950	$1.08	25d	1	1.32mi
1908 Robbins St Chattanooga, TN	3.0	2.0	1783	$1,750	$0.98	16d	1	1.35mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	16d	1	1.41mi
2400 Crutchfield St Chattanooga, TN	3.0	1.0	984	$1,200	$1.22	23d	1	1.43mi
745 Henderson Dr Chattanooga, TN	3.0	2.0	1275	$1,495	$1.17	25d	1	1.44mi
2425 Chamberlain Ave Chattanooga, TN	3.0	2.0	1422	$1,795	$1.26	25d	1	1.49mi

Listing history 2 events

1. 2026-06-14
   remarks 275-char remark
2. 2026-06-14
   listed $44,900 Pending 2 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: $432 · $36/mo
• Projected year-2 tax: $432 · $36/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% 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: $17,260
• − Mortgage interest: −$2,515
• − Property taxes: −$432
• − Insurance: −$224
• − Repairs & maintenance: −$1,381
• − Management: −$1,381
• − Depreciation: −$1,306
• Taxable income: $10,020
• Est. tax owed @ 24.0%: −$2,405
• After-tax cash flow: $7,748/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

2 events — show timeline

• 2026-06-12 Pending — GCAR
• 2026-06-10 Listed $44,900 GCAR

Property tax history

+1.8%/yr

Latest (2025): $432 · +28.0% YoY. Source: county tax records.