116 Ridge Rd · Chattanooga, TN 37411

$124,900

3 bd · 2.0 ba · 594 sqft · SingleFamily public records · 261 Days on market

Built 1930 6,534 sqft lot

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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 +25.5/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• 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 MLS

Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

Key facts

• Unique character
• Historic charm
• 6,534 sq ft lot

Tags

• HISTORIC CHARM
• UNIQUE CHARACTER
• PICTURESQUE NEIGHBORHOOD
• EASY ACCESS TO DOWNTOWN

Property features AI

Exterior

• Parking: Off-street parking
• Security: Smoke detectors
• Utilities: Public water; Septic sewer; Electricity available
• Home design: Single-family residence; Two levels; Residential property
• Construction: Brick and shingle siding exterior; Asphalt shingle roof; Block foundation; Built with traditional construction materials
• Exterior features: Covered porch; Gentle sloping lot

Interior

• Kitchen: Free‑standing electric range
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Storm windows with wood frames; Crawl space basement; Seven total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: East Ridge Elementary (math 22% / reading 18%, grade F, #644 of 952 statewide, top 68%, 996 students, 0% FRL); East Ridge Middle School (math 12% / reading 14%, grade F, #237 of 333 statewide, top 72%, 701 students, 0% FRL); East Ridge High School (math 7% / reading 17%, grade F, #265 of 332 statewide, top 80%, 1,008 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 15% at this address vs 31% district-wide (-16 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; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $864 of loan paydown is wiped out by about $4k 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 261 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 4y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 261 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 1930 — 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: 1.06% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.02%
• DSCR: 1.45
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.73% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.87×
• Total profit: $-4,644
• Equity at exit: $18,623

10-year hold

• IRR: 3.5%
• Equity multiple: 1.23×
• Total profit: $8,132
• Equity at exit: $10,799

Cash invested: $34,972 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,321 high
• Mortgage (P&I): −$655
• Tax from tax record: −$45 /mo · $538/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $292

Break-even live

Break-even rent $952

Max offer price $124,900

Occupancy floor 73%

Sensitivity live

Price	-10% $363	-5% $327	+0% $292	+5% $257	+10% $221
Rent	-10% $188	-5% $240	+0% $292	+5% $344	+10% $396
Rate	-1.0pp $355	-0.5pp $324	base $292	+0.5pp $260	+1.0pp $227

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 S Germantown Rd Unit A Chattanooga, TN	2.0	1.5	500	$1,475	$2.95	15d	1	0.63mi
3621 Monte Vista Dr Chattanooga, TN	2.0	1.0	725	$1,200	$1.66	25d	1	0.70mi
3222 Gleason Dr Chattanooga, TN	1.0–2.0	1.0–2.0	817	$1,100	$1.35	15d	4	0.99mi
1703 S Lyerly St Chattanooga, TN	2.0	1.0	700	$1,199	$1.71	15d	1	1.08mi
2003 Bailey Ave Unit 2009 304 Chattanooga, TN	2.0	1.0	750	$1,500	$2.00	25d	1	1.09mi
2004 Garfield St Unit 102 Chattanooga, TN	2.0	1.0	700	$1,400	$2.00	25d	1	1.26mi
918 Donaldson Rd Chattanooga, TN	1.0–2.0	1.0	751	$975	$1.30	25d	2	1.26mi
2305 Citico Ave Unit A Chattanooga, TN	2.0	1.0	748	$1,095	$1.46	15d	1	1.27mi
925 Shallowford Rd Chattanooga, TN	1.0–2.0	1.0	720	$950	$1.32	25d	3	1.47mi
521 N Hawthorne St Unit A Chattanooga, TN	2.0	1.0	725	$850	$1.17	25d	1	1.48mi
2602 14th Ave Unit B Chattanooga, TN	2.0	1.0	700	$1,050	$1.50	25d	1	1.49mi

Listing history 48 events

1. 2026-06-22
   days on market $124,900 Active 261 DOM
2. 2026-06-18
   days on market $124,900 Active 258 DOM
3. 2026-06-17
   days on market $124,900 Active 257 DOM
4. 2026-06-16
   days on market $124,900 Active 256 DOM
5. 2026-06-15
   days on market $124,900 Active 255 DOM
6. 2026-06-14
   days on market $124,900 Active 253 DOM
7. 2026-06-10
   days on market $124,900 Active 250 DOM
8. 2026-06-09
   days on market $124,900 Active 249 DOM
9. 2026-06-08
   days on market $124,900 Active 248 DOM
10. 2026-06-07
    days on market $124,900 Active 247 DOM
11. 2026-06-05
    days on market $124,900 Active 244 DOM
12. 2026-06-03
    days on market $124,900 Active 243 DOM
13. 2026-06-02
    days on market $124,900 Active 242 DOM
14. 2026-06-01
    days on market $124,900 Active 241 DOM
15. 2026-05-31
    days on market $124,900 Active 240 DOM
16. 2026-05-30
    days on market $124,900 Active 239 DOM
17. 2026-01-22
    price $124,900
18. 2025-10-03
    listed $134,900 Active
19. 2025-09-13
    historical 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

20. 2025-06-14
    price $134,900 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

21. 2025-06-14
    price $134,900

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

22. 2025-04-14
    status Active 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

23. 2025-02-03
    status Pending 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

24. 2024-12-16
    price $145,400

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

25. 2024-12-16
    price $145,400 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

26. 2024-12-10
    price $147,400

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

27. 2024-12-10
    price $147,400 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

28. 2024-12-06
    status Active 552-char remark

    Show marketing remark (552 chars)

    Charming 3-Bedroom, 2-Bath Home in Historic Missionary Ridge Step into the enchanting history and unique character of Missionary Ridge with this delightful 3-bedroom, 2-bathroom home. Nestled in one of Chattanooga's most sought-after communities, this residence offers a perfect blend of historic charm and modern convenience. Just minutes from downtown, you'll enjoy easy access to all the vibrant attractions the city has to offer while savoring the serene atmosphere of this picturesque neighborhood. Property is being sold ''as is''. Short Sale.

29. 2023-07-26
    soldstatus $125,000
30. 2023-07-24
    soldstatus $125,000 Closed
31. 2023-07-24
    soldstatus $125,000
32. 2023-05-26
    status Pending
33. 2023-05-24
    price $120,000
34. 2023-05-24
    status Active
35. 2023-05-23
    historical
36. 2023-05-01
    status Active
37. 2023-04-25
    historical Contingent
38. 2023-04-21
    status Active
39. 2023-04-05
    status Pending
40. 2023-03-28
    price $137,000
41. 2023-03-01
    status Active
42. 2023-02-25
    historical Contingent
43. 2023-02-21
    price $140,000
44. 2023-02-13
    price $165,000
45. 2023-01-24
    price $170,000
46. 2022-11-22
    listed $175,000 Active
47. 2022-04-27
    price $85,000
48. 2010-06-02
    soldstatus $40,000

ⓘ 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: $538 · $45/mo
• Projected year-2 tax: $887 · $74/mo
• Expected delta: +$349/yr (+$29/mo · 64.9%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 17 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: $15,855
• − Mortgage interest: −$6,996
• − Property taxes: −$538
• − Insurance: −$624
• − Repairs & maintenance: −$1,268
• − Management: −$1,268
• − Depreciation: −$3,633
• Taxable income: $1,526
• Est. tax owed @ 24.0%: −$366
• After-tax cash flow: $3,137/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

+212.2% since first listed

32 events — show timeline

• 2026-01-22 Price Changed $124,900 GCAR
• 2025-10-03 Listed $134,900 GCAR
• 2025-09-13 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-06-14 Price Changed $134,900 REALTRACS as Distributed by MLS Grid
• 2025-06-14 Price Changed $134,900 GCAR
• 2025-04-14 Relisted — REALTRACS as Distributed by MLS Grid
• 2025-02-03 Pending — REALTRACS as Distributed by MLS Grid
• 2024-12-16 Price Changed $145,400 GCAR
• 2024-12-16 Price Changed $145,400 REALTRACS as Distributed by MLS Grid
• 2024-12-10 Price Changed $147,400 GCAR
• 2024-12-10 Price Changed $147,400 REALTRACS as Distributed by MLS Grid
• 2024-12-06 Relisted — REALTRACS as Distributed by MLS Grid
• 2023-07-26 Sold (Public Records) $125,000 Public Records
• 2023-07-24 Sold (MLS) $125,000 REALTRACS as Distributed by MLS Grid
• 2023-07-24 Sold (MLS) $125,000 GCAR
• 2023-05-26 Pending — GCAR
• 2023-05-24 Price Changed $120,000 GCAR
• 2023-05-24 Relisted — GCAR
• 2023-05-23 Delisted — GCAR
• 2023-05-01 Relisted — GCAR
• 2023-04-25 Contingent — GCAR
• 2023-04-21 Relisted — GCAR
• 2023-04-05 Pending — GCAR
• 2023-03-28 Price Changed $137,000 GCAR
• 2023-03-01 Relisted — GCAR
• 2023-02-25 Contingent — GCAR
• 2023-02-21 Price Changed $140,000 GCAR
• 2023-02-13 Price Changed $165,000 GCAR
• 2023-01-24 Price Changed $170,000 GCAR
• 2022-11-22 Listed $175,000 GCAR
• 2022-04-27 Price Changed $85,000 GCAR
• 2010-06-02 Sold (Public Records) $40,000 Public Records

Property tax history

+8.2%/yr

Latest (2025): $538 · +27.8% YoY. Source: county tax records.