3902 Blanchard St · Chattanooga, TN 37411

$199,000

3 bd · 1.5 ba · 1,296 sqft · SingleFamily public records · 65 Days on market

Built 1999 6,750 sqft lot Est $249k · 20% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• DSCR +4.4/10.0
• Livability +3.9/5.0
• 1% rule +2.7/10.0
• 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 is a GREAT INVESTMENT OPPORTUNITY! This home has a fresh coat of paint inside and new laminate flooring in the living room and bedrooms! Large eat-in-kitchen with ample cabinet space. Furnished with stove and refrigerator. Laundry and half-bath combo on the main floor. Upstairs features 3 nice sized bedrooms/closets and full bathroom. Don't miss out on this one!

Key facts

• 6,750 sq ft lot
• Built 1999
• Listed 65 days

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity available; Sewer connected
• Home design: Single-family residence; Two levels
• Construction: Vinyl siding; Shingle roof; Block foundation; Built on a gentle sloping lot
• Exterior features: Porch; No other exterior features listed

Interior

• Kitchen: Refrigerator; Range hood
• Bedrooms: 5 total rooms (bedrooms included in room count)
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Eat-in kitchen; Crawl space basement
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $43 ($521/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 $154k (22.6% below list).
• Recommended offer: $154k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: 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; 29 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).
• This rent runs 33% 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 $1k of loan paydown is wiped out by about $6k 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 65 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago 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 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,125 (22.6% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.77% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.93%
• DSCR: 1.04
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $248,832
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
733 Talley Rd	0.26mi	3/1.5	1,296 (0%)	17mo	$176,000	$136	74
944 Shallowford Rd	0.23mi	3/2.5	1,300 (+0%)	13mo	$297,000	$228	73
4212 Midland Pike	0.42mi	3/2.0	1,232 (-5%)	4mo	$263,050	$214	67
1028 Overlook Ave	0.35mi	3/2.5	1,300 (+0%)	17mo	$265,000	$204	65
520 Phoenix Ave	0.26mi	2/1.0 (-1)	1,380 (+6%)	14mo	$178,000	$129	58
3905 Howard Ave	0.65mi	3/1.5	1,361 (+5%)	5mo	$238,400	$175	57
1000 Belmeade Ave	0.53mi	3/2.0	1,242 (-4%)	11mo	$255,000	$205	57
1202 Collins Cir	0.54mi	2/2.0 (-1)	1,371 (+6%)	11mo	$249,000	$182	49
716 Larkin Ave	0.25mi	2/1.0 (-1)	1,112 (-14%)	11mo	$214,000	$192	48
1014 Jarvis Ave	0.62mi	3/2.0	1,176 (-9%)	9mo	$165,000	$140	46
1117 Belmeade Ave	0.63mi	2/1.0 (-1)	1,167 (-10%)	4mo	$185,000	$159	44
4598 Midland Pike	0.65mi	3/2.0	1,444 (+11%)	7mo	$304,000	$211	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: -17.1%
• Equity multiple: 0.41×
• Total profit: $-33,024
• Equity at exit: $29,672

10-year hold

• IRR: -13.2%
• Equity multiple: 0.30×
• Total profit: $-39,101
• Equity at exit: $17,206

Cash invested: $55,720 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,541 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$48 /mo · $572/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $43

Break-even live

Break-even rent $1,486

Max offer price $199,000

Occupancy floor 92%

Sensitivity live

Price	-10% $156	-5% $100	+0% $43	+5% $-13	+10% $-69
Rent	-10% $-78	-5% $-17	+0% $43	+5% $104	+10% $165
Rate	-1.0pp $144	-0.5pp $94	base $43	+0.5pp $-8	+1.0pp $-61

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	25d	1	0.07mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	25d	1	0.09mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	25d	1	0.12mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	15d	1	0.14mi
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	25d	1	0.33mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	15d	1	0.35mi
4224 Victory St Chattanooga, TN	3.0	2.0	1736	$1,995	$1.15	25d	1	0.50mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	25d	1	0.57mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	15d	1	0.59mi
745 Henderson Dr Chattanooga, TN	3.0	2.0	1275	$1,495	$1.17	25d	1	0.62mi
3518 Ridgeside Rd Chattanooga, TN	4.0	2.0	1409	$1,375	$0.98	25d	1	0.63mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	15d	1	0.73mi
409 Booth Rd Chattanooga, TN	3.0	2.0	1530	$1,695	$1.11	25d	1	0.76mi
310 Gillespie Rd Chattanooga, TN	2.0	1.0	1225	$1,650	$1.35	25d	1	0.79mi
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	15d	1	0.79mi
300 Crestway Dr Chattanooga, TN	2.0	1.0	1164	$1,675	$1.44	15d	1	0.79mi
506 Sequoia Dr Unit 506 Chattanooga, TN	3.0	2.0	945	$1,400	$1.48	25d	1	0.88mi
1010 N Larchmont Dr Unit B Chattanooga, TN	2.0	1.0	900	$1,200	$1.33	15d	1	0.89mi
3868 Mark Twain Cir Chattanooga, TN	4.0	2.0	1841	$1,775	$0.96	25d	1	1.04mi
611 Woodvale Ave Chattanooga, TN	3.0	1.5	1299	$1,800	$1.39	25d	1	1.06mi
3715 Rollingwood Dr Chattanooga, TN	3.0	1.5	1200	$1,400	$1.17	25d	1	1.14mi
3301 Pinewood Ave Chattanooga, TN	2.0	1.0	900	$1,094	$1.22	25d	3	1.14mi
30 Woodlawn Dr Unit C Chattanooga, TN	2.0	2.0	1000	$1,200	$1.20	25d	1	1.16mi
210 Buena Vista Dr Unit 4 Chattanooga, TN	2.0	1.5	1500	$1,495	$1.00	25d	1	1.24mi
111 N Seminole Dr Chattanooga, TN	4.0	2.0	1500	$2,200	$1.47	25d	1	1.29mi
32 S Germantown Rd Unit 1 Chattanooga, TN	2.0	2.0	1161	$1,100	$0.95	25d	1	1.30mi
3617 Monte Vista Dr Chattanooga, TN	3.0	2.0	1628	$1,823	$1.12	15d	1	1.31mi
5008 Golfview Dr Chattanooga, TN	3.0	2.0	1830	$1,853	$1.01	25d	1	1.31mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	25d	1	1.36mi

Listing history 8 events

1. 2026-04-10
   status Active
2. 2026-03-11
   status Pending
3. 2026-02-21
   listed $199,000 Active
4. 2026-02-17
   historical $199,000
5. 2013-07-15
   soldstatus $3,727,608
6. 2007-09-20
   soldstatus $82,400
7. 2006-12-10
   listed $79,000
8. 2005-10-11
   listed $86,900

ⓘ 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: $572 · $48/mo
• Projected year-2 tax: $1,413 · $118/mo
• Expected delta: +$841/yr (+$70/mo · 146.9%)

ⓘ 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 · 18 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: $18,495
• − Mortgage interest: −$11,147
• − Property taxes: −$572
• − Insurance: −$995
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$5,789
• Taxable loss: −$2,968
• Est. tax savings @ 24.0%: +$712
• After-tax cash flow: $1,233/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

+129.0% since first listed

8 events — show timeline

• 2026-04-10 Relisted — GCAR
• 2026-03-11 Pending — GCAR
• 2026-02-21 Listed $199,000 GCAR
• 2026-02-17 Coming Soon $199,000 GCAR
• 2013-07-15 Sold (Public Records) $3,727,608 Public Records
• 2007-09-20 Sold (Public Records) $82,400 Public Records
• 2006-12-10 Listed $79,000 RCAOR
• 2005-10-11 Listed $86,900 RCAOR

Property tax history

+3.0%/yr

Latest (2025): $572 · +8.0% YoY. Source: county tax records.