2000 E 5th St · Chattanooga, TN 37404

$235,000

3 bd · 2.0 ba · 1,516 sqft · SingleFamily public records · 103 Days on market

Built 1920 6,534 sqft lot Est $347k · 32% 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 +17.7/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• Livability +3.9/5.0
• 1% rule +3.6/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming and newly remodeled 3-bedroom, 2-bath home with character throughout! Conveniently located near Park Ridge and CHI Memorial Hospital, this home offers easy access to downtown, shopping, dining, and major employers. Step inside to find a bright, inviting living space with thoughtful updates while still maintaining its original charm. The nicely updated kitchen features open storage space and modern finishes--perfect for cooking and entertaining. The home sits on a large lot, offering plenty of room to enjoy the outdoors, garden, or expand. A huge garage provides excellent storage or workshop potential. With its ideal location, spacious yard, and fresh remodel, this home is move-in

Key facts

• Huge garage
• Large lot
• Updated kitchen

Tags

• EASY ACCESS TO DOWNTOWN
• UPDATED KITCHEN
• LARGE LOT
• HUGE GARAGE

Property features AI

Exterior

• Parking: Off-street parking
• Security: Security features present
• Utilities: Public water; Public sewer; Electricity available; Cable available; Sewer connected
• Home design: Single-family house; One story; Updated/remodeled
• Construction: Vinyl siding; Other exterior materials; Shingle roof; Brick/mortar foundation; Built as a residential single family home
• Exterior features: Covered porch; Storage; No pool or spa; Level lot; Asphalt road frontage on a public maintained city street

Interior

• Kitchen: Refrigerator; Microwave; Range hood; Electric range; Dishwasher
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Fireplace (1)
• Laundry & utility: Washer and dryer included; Laundry located inside on the main level; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $201k (14.4% below list).
• Recommended offer: $201k (14.4% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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: Orchard Knob Elementary (math 12% / reading 2%, grade F, #863 of 952 statewide, top 92%, 477 students, 0% FRL); Orchard Knob Middle (math 5% / reading 6%, grade F, #291 of 333 statewide, top 88%, 334 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 7% at this address vs 31% district-wide (-24 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; 172 active listings in the ZIP; 40 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 $2k of loan paydown is wiped out by about $7k 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 103 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y ago; this cycle's ask has dropped $22k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $118k; list at $235k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1920 — 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 $201,099 (14.4% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.86% ✗
• Cap rate: 7.25%
• Cash-on-cash: 3.42%
• DSCR: 1.15
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $347,164
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2005 Vine St	0.10mi	4/2.0 (+1)	1,598 (+5%)	5mo	$222,000	$139	78
1915 Oak St	0.16mi	3/1.5	1,575 (+4%)	19mo	$293,000	$186	68
2001 Sharp St	0.40mi	3/2.0	1,386 (-9%)	3mo	$225,000	$162	64
219 N Hickory St	0.29mi	3/2.0	1,344 (-11%)	9mo	$290,000	$216	60
2504 Chamberlain Ave	0.59mi	3/2.0	1,485 (-2%)	14mo	$340,000	$229	57
2405 Kirby Ave	0.65mi	3/2.0	1,442 (-5%)	8mo	$320,000	$222	56
1411 Union Ave	0.66mi	3/2.0	1,616 (+7%)	4mo	$470,000	$291	55
2408 Kirby Ave	0.68mi	3/2.5	1,601 (+6%)	16mo	$375,000	$234	44
1612 Vance Ave	0.69mi	3/1.0	1,350 (-11%)	14mo	$189,000	$140	34
2307 Kirby Ave	0.61mi	4/2.0 (+1)	1,350 (-11%)	18mo	$345,000	$256	33
2308 Union Ave	0.58mi	2/1.0 (-1)	1,334 (-12%)	16mo	$318,700	$239	30
2518 Bailey Ave	0.69mi	2/2.0 (-1)	1,300 (-14%)	12mo	$339,500	$261	29

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 · 0.03% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.45×
• Total profit: $-36,258
• Equity at exit: $35,039

10-year hold

• IRR: -13.2%
• Equity multiple: 0.32×
• Total profit: $-44,463
• Equity at exit: $20,319

Cash invested: $65,800 (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 37404

• Home prices YoY: -30.6%
• Rents YoY: 0.0%
• Active inventory: 172
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,011 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$71 /mo · $848/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $121

Break-even live

Break-even rent $1,857

Max offer price $235,000

Occupancy floor 89%

Sensitivity live

Price	-10% $254	-5% $188	+0% $121	+5% $55	+10% $-12
Rent	-10% $-38	-5% $42	+0% $121	+5% $201	+10% $280
Rate	-1.0pp $240	-0.5pp $181	base $121	+0.5pp $60	+1.0pp $-2

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1905 Ivy St Chattanooga, TN	4.0	3.0	1860	$2,495	$1.34	25d	1	0.10mi
1906 Vine St Chattanooga, TN	3.0	2.5	1881	$2,200	$1.17	25d	1	0.14mi
2111 Oak St Chattanooga, TN	2.0	2.0	1100	$1,595	$1.45	15d	1	0.17mi
2001 Garfield St Chattanooga, TN	4.0	2.0	1413	$1,700	$1.20	25d	1	0.24mi
226 N Hickory St Chattanooga, TN	3.0	2.0	1350	$1,895	$1.40	23d	1	0.29mi
2106 Duncan Ave Unit 102 Chattanooga, TN	3.0	2.5	1600	$2,295	$1.43	25d	1	0.31mi
1814 Duncan Ave Chattanooga, TN	3.0	2.0	2056	$2,500	$1.22	23d	1	0.33mi
2420 Vine St Chattanooga, TN	3.0	1.0	1260	$1,800	$1.43	25d	1	0.43mi
1705 Bailey Ave Chattanooga, TN	3.0	2.0	1632	$1,850	$1.13	25d	1	0.48mi
2425 Chamberlain Ave Chattanooga, TN	3.0	2.0	1422	$1,795	$1.26	25d	1	0.50mi
1908 Robbins St Chattanooga, TN	3.0	2.0	1783	$1,750	$0.98	15d	1	0.60mi
709 N Holly St Chattanooga, TN	3.0	2.0	1092	$1,850	$1.69	15d	1	0.65mi
2105 Rawlings St Chattanooga, TN	3.0	1.0	1064	$1,300	$1.22	15d	1	0.68mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	25d	1	0.93mi
210 Buena Vista Dr Unit 4 Chattanooga, TN	2.0	1.5	1500	$1,495	$1.00	25d	1	1.06mi
111 N Seminole Dr Chattanooga, TN	4.0	2.0	1500	$2,200	$1.47	25d	1	1.12mi
756 Bespoke Way Chattanooga, TN	3.0	3.0	1510	$4,000	$2.65	15d	1	1.12mi
1652 Mari Cir Chattanooga, TN	3.0	3.0	1700	$2,500	$1.47	25d	1	1.12mi
659 Bespoke WAY Chattanooga, TN	3.0	3.0	1564	$2,750	$1.76	25d	1	1.14mi
1809 Cotton Way Chattanooga, TN	2.0	2.5	1412	$2,295	$1.63	25d	1	1.16mi
950 Riverside Dr Chattanooga, TN	2.0	1.0–2.0	908	$2,309	$2.54	15d	22	1.22mi
2341 E 18th St Chattanooga, TN	2.0	2.5	1316	$1,725	$1.31	25d	1	1.22mi
2347 E 18th St Chattanooga, TN	2.0	2.5	1340	$1,695	$1.26	25d	1	1.22mi
2322 E 18th Street Pl Chattanooga, TN	2.0	2.5	1340	$1,595	$1.19	23d	1	1.24mi
2360 E 18th St Chattanooga, TN	3.0	2.5	1544	$2,095	$1.36	25d	1	1.24mi
2328 E 18th St Chattanooga, TN	3.0	2.5	1616	$2,095	$1.30	25d	1	1.24mi
2328 E 18th Street Pl Chattanooga, TN	3.0	2.5	1950	$1,995	$1.02	23d	1	1.24mi
2380 E 18th Street Pl Chattanooga, TN	3.0	2.5	1950	$1,895	$0.97	23d	1	1.25mi
2239 E 19th St Chattanooga, TN	4.0	2.0	1250	$2,090	$1.67	25d	1	1.25mi
2009 Camden St Chattanooga, TN	3.0	1.5	1148	$1,450	$1.26	25d	1	1.30mi
2303 E 19th St Chattanooga, TN	3.0	2.5	1544	$1,995	$1.29	23d	1	1.30mi
1816 S Holly St Chattanooga, TN	4.0	2.0	1415	$1,700	$1.20	15d	1	1.30mi
2335 E 19th St Chattanooga, TN	3.0	2.5	1616	$1,995	$1.23	25d	1	1.31mi
1322 District Ln Chattanooga, TN	2.0	1.0–2.0	913	$2,324	$2.55	15d	25	1.31mi
1601 Arlington Ave Chattanooga, TN	3.0	1.0	1416	$1,650	$1.17	15d	1	1.32mi
2001 S Lyerly St Chattanooga, TN	2.0–3.0	2.0	1080	$1,385	$1.28	15d	6	1.35mi
1800 S Holtzclaw Ave Chattanooga, TN	3.0	3.0	1500	$2,500	$1.67	25d	1	1.35mi
1754 Ocoee St Chattanooga, TN	3.0	1.5	1050	$1,250	$1.19	15d	1	1.40mi
808 E Martin Luther King Blvd Unit 808 Chattanooga, TN	4.0	2.0	2200	$2,675	$1.22	15d	1	1.43mi
1706 Wheeler Ave Chattanooga, TN	3.0	1.0	1317	$1,625	$1.23	25d	1	1.44mi

Listing history 39 events

1. 2026-06-22
   days on market $235,000 Active 103 DOM
2. 2026-06-18
   price $235,000 Active 100 DOM
3. 2026-06-18
   days on market $249,000 Active 100 DOM
4. 2026-06-17
   days on market $249,000 Active 99 DOM
5. 2026-06-16
   days on market $249,000 Active 98 DOM
6. 2026-06-15
   days on market $249,000 Active 97 DOM
7. 2026-06-14
   days on market $249,000 Active 95 DOM
8. 2026-06-10
   days on market $249,000 Active 92 DOM
9. 2026-06-09
   days on market $249,000 Active 91 DOM
10. 2026-06-08
    days on market $249,000 Active 90 DOM
11. 2026-06-07
    days on market $249,000 Active 89 DOM
12. 2026-06-05
    days on market $249,000 Active 86 DOM
13. 2026-06-03
    days on market $249,000 Active 85 DOM
14. 2026-06-02
    days on market $249,000 Active 84 DOM
15. 2026-06-01
    days on market $249,000 Active 83 DOM
16. 2026-05-31
    days on market $249,000 Active 82 DOM
17. 2026-05-30
    days on market $249,000 Active 81 DOM
18. 2026-04-08
    price $249,000
19. 2026-03-10
    listed $257,000 Active
20. 2026-02-04
    historical
21. 2026-01-01
    price $249,000
22. 2026-01-01
    price $249,000
23. 2025-11-25
    listed $257,000 Active
24. 2022-09-21
    historical
25. 2022-09-13
    price $289,900
26. 2022-09-13
    price $289,900
27. 2022-08-18
    listed $296,900 Active
28. 2022-08-17
    historical
29. 2021-10-15
    soldstatus $118,000
30. 2021-10-07
    soldstatus $118,000 Closed
31. 2021-09-22
    historical Contingent
32. 2021-09-07
    status Active
33. 2021-08-22
    historical Contingent
34. 2021-08-14
    status Active
35. 2021-07-27
    historical Contingent
36. 2021-07-24
    price $129,000
37. 2021-07-14
    listed $139,000 Active
38. 2020-11-04
    soldstatus $75,000
39. 2006-05-15
    soldstatus $73,500

ⓘ 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: $848 · $71/mo
• Projected year-2 tax: $1,668 · $139/mo
• Expected delta: +$820/yr (+$68/mo · 96.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 19 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: $24,132
• − Mortgage interest: −$13,164
• − Property taxes: −$848
• − Insurance: −$1,972
• − Repairs & maintenance: −$1,931
• − Management: −$1,931
• − Depreciation: −$6,836
• Taxable loss: −$2,550
• Est. tax savings @ 24.0%: +$612
• After-tax cash flow: $2,067/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): 14,737
• Household income: $56,637
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 486.0

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 0.67)
• Race & ethnicity: Black 38% White 38% Hispanic / Latino 21% Two or more races 11%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Romanian 1% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 81% English-only · Spanish 18%

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: ▼ -139.43%
• Current HPI: 315.8539
• Rent YoY: ▬ 0.03%
• 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

+238.8% since first listed

22 events — show timeline

• 2026-04-08 Price Changed $249,000 GCAR
• 2026-03-10 Listed $257,000 GCAR
• 2026-02-04 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-01-01 Price Changed $249,000 REALTRACS as Distributed by MLS Grid
• 2026-01-01 Price Changed $249,000 GCAR
• 2025-11-25 Listed $257,000 REALTRACS as Distributed by MLS Grid
• 2022-09-21 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2022-09-13 Price Changed $289,900 GCAR
• 2022-09-13 Price Changed $289,900 REALTRACS as Distributed by MLS Grid
• 2022-08-18 Listed $296,900 REALTRACS as Distributed by MLS Grid
• 2022-08-17 Coming Soon — REALTRACS as Distributed by MLS Grid
• 2021-10-15 Sold (Public Records) $118,000 Public Records
• 2021-10-07 Sold (MLS) $118,000 GCAR
• 2021-09-22 Contingent — GCAR
• 2021-09-07 Relisted — GCAR
• 2021-08-22 Contingent — GCAR
• 2021-08-14 Relisted — GCAR
• 2021-07-27 Contingent — GCAR
• 2021-07-24 Price Changed $129,000 GCAR
• 2021-07-14 Listed $139,000 GCAR
• 2020-11-04 Sold (Public Records) $75,000 Public Records
• 2006-05-15 Sold (Public Records) $73,500 Public Records

Property tax history

+9.8%/yr

Latest (2025): $848 · +32.1% YoY. Source: county tax records.