216 Booth Rd · Chattanooga, TN 37411

$140,000

3 bd · 2.0 ba · 1,158 sqft · SingleFamily public records · 23 Days on market

Built 1945 1,158 sqft lot Est $242k · 42% under

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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 +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +5.8/10.0
• 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

Welcome to 216 Booth Road--where comfort, style and convenience come together. This inviting 3 bedroom, 2 bath home offers 1,158 sq ft of living space. Unfinished basement. All of this in a highly convenient Brainerd location--just minutes from Brainerd Road, shopping, dining, and all that Chattanooga has to offer. In need of a little TLC!

Key facts

• 1,158 sq ft lot
• Built 1945
• Listed 23 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: 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; 127 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 32% 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 $968 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 23 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $140k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — 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: 1.08% ✓
• Cap rate: 9.31%
• Cash-on-cash: 10.78%
• DSCR: 1.48
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $242,022
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
216 Booth Rd	0.00mi	3/2.0	1,158 (0%)	4mo	$130,000	$112	97
220 Tunnel Blvd	0.09mi	3/1.0	1,098 (-5%)	9mo	$175,000	$159	76
33 Tunnel Blvd	0.16mi	3/2.0	1,329 (+15%)	6mo	$278,000	$209	63
3515 Ridgevale Ave	0.15mi	3/1.5	1,264 (+9%)	23mo	$215,000	$170	57
16 N Seminole Dr	0.52mi	2/1.0 (-1)	1,145 (-1%)	19mo	$263,000	$230	49
205 Elmwood Dr	0.60mi	2/1.0 (-1)	1,009 (-13%)	21mo	$230,000	$228	24

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: -2.6%
• Equity multiple: 0.91×
• Total profit: $-3,694
• Equity at exit: $20,874

10-year hold

• IRR: 4.7%
• Equity multiple: 1.31×
• Total profit: $12,205
• Equity at exit: $12,105

Cash invested: $39,200 (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: 127
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,510 high
• Mortgage (P&I): −$734
• Tax from tax record: −$49 /mo · $582/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $352

Break-even live

Break-even rent $1,065

Max offer price $140,000

Occupancy floor 72%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Gillespie Rd Chattanooga, TN	2.0	1.0	1225	$1,650	$1.35	23d	1	0.17mi
3518 Ridgeside Rd Chattanooga, TN	4.0	2.0	1409	$1,375	$0.98	23d	1	0.29mi
30 Woodlawn Dr Unit C Chattanooga, TN	2.0	2.0	1000	$1,200	$1.20	23d	1	0.30mi
300 Crestway Dr Chattanooga, TN	2.0	1.0	1164	$1,675	$1.44	14d	1	0.37mi
3301 Pinewood Ave Chattanooga, TN	2.0	1.0	900	$1,094	$1.22	23d	3	0.46mi
32 S Germantown Rd Unit 1 Chattanooga, TN	2.0	2.0	1161	$1,100	$0.95	23d	1	0.48mi
3621 Monte Vista Dr Chattanooga, TN	2.0	1.0	725	$1,200	$1.66	23d	1	0.52mi
111 N Seminole Dr Chattanooga, TN	4.0	2.0	1500	$2,200	$1.47	23d	1	0.54mi
619 Shannon Ave Chattanooga, TN	2.0	1.0	962	$1,250	$1.30	23d	1	0.55mi
210 Buena Vista Dr Unit 4 Chattanooga, TN	2.0	1.5	1500	$1,495	$1.00	23d	1	0.56mi
719 Belle Vista Ave Chattanooga, TN	3.0	1.0	840	$1,299	$1.55	21d	1	0.64mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	14d	1	0.65mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	14d	1	0.76mi
3632 Idlewild Cir Chattanooga, TN	2.0	1.5	850	$1,150	$1.35	23d	1	0.78mi
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	23d	1	0.84mi
408 Broughton St Unit NA Chattanooga, TN	3.0	1.0	1250	$1,750	$1.40	23d	1	0.87mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	23d	1	0.88mi
925 Shallowford Rd Chattanooga, TN	1.0–2.0	1.0	720	$950	$1.32	23d	3	0.90mi
405 Donaldson Rd Unit B Chattanooga, TN	2.0	2.0	936	$1,400	$1.50	23d	1	0.90mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	23d	1	0.99mi
506 Sequoia Dr Unit 506 Chattanooga, TN	3.0	2.0	945	$1,400	$1.48	23d	1	1.01mi
708 Henderson Dr Chattanooga, TN	3.0	1.0	1100	$1,250	$1.14	14d	1	1.04mi
3109 Ellis Ave Chattanooga, TN	2.0	2.0	1340	$1,450	$1.08	23d	1	1.05mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	23d	1	1.08mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	14d	1	1.10mi
745 Henderson Dr Chattanooga, TN	3.0	2.0	1275	$1,495	$1.17	23d	1	1.11mi
611 Woodvale Ave Chattanooga, TN	3.0	1.5	1299	$1,800	$1.39	23d	1	1.15mi
2709 Citico Ave Chattanooga, TN	2.0–3.0	1.0	1038	$1,400	$1.35	23d	1	1.17mi
2420 Vine St Chattanooga, TN	3.0	1.0	1260	$1,800	$1.43	23d	1	1.21mi
2425 Chamberlain Ave Chattanooga, TN	3.0	2.0	1422	$1,795	$1.26	23d	1	1.29mi
831 Darryl Ln Unit 1 East Ridge, TN	2.0	1.0	829	$1,195	$1.44	23d	1	1.30mi
700 N Moore Rd Chattanooga, TN	2.0	1.0	800	$1,399	$1.75	14d	1	1.31mi
1010 N Larchmont Dr Unit B Chattanooga, TN	2.0	1.0	900	$1,200	$1.33	14d	1	1.34mi
3222 Gleason Dr Chattanooga, TN	1.0–2.0	1.0–2.0	817	$1,100	$1.35	14d	4	1.37mi
3725 Fountain Ave Chattanooga, TN	2.0–3.0	1.0–2.0	1110	$1,450	$1.31	14d	4	1.41mi
213 N Saint Marks Ave Chattanooga, TN	3.0	2.0	1337	$1,600	$1.20	14d	1	1.45mi
211 N Saint Marks Ave Chattanooga, TN	3.0	2.0	1485	$1,600	$1.08	14d	1	1.45mi
2305 Citico Ave Unit A Chattanooga, TN	2.0	1.0	748	$1,095	$1.46	14d	1	1.49mi

Listing history 7 events

1. 2026-01-27
   status Pending
2. 2026-01-21
   price $140,000
3. 2026-01-12
   price $166,500
4. 2026-01-04
   listed $188,500 Active
5. 2025-09-04
   price $166,000
6. 1992-08-11
   soldstatus $45,000
7. 1985-01-14
   soldstatus $37,000

ⓘ 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: $582 · $49/mo
• Projected year-2 tax: $994 · $83/mo
• Expected delta: +$412/yr (+$34/mo · 70.8%)

ⓘ 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 6 d/yr ≥105°F today · 16 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: $18,122
• − Mortgage interest: −$7,842
• − Property taxes: −$582
• − Insurance: −$700
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$4,073
• Taxable income: $2,025
• Est. tax owed @ 24.0%: −$486
• After-tax cash flow: $3,738/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

+278.4% since first listed

7 events — show timeline

• 2026-01-27 Pending — GCAR
• 2026-01-21 Price Changed $140,000 GCAR
• 2026-01-12 Price Changed $166,500 GCAR
• 2026-01-04 Listed $188,500 GCAR
• 2025-09-04 Price Changed $166,000 GCAR
• 1992-08-11 Sold (Public Records) $45,000 Public Records
• 1985-01-14 Sold (Public Records) $37,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $582 · +14.2% YoY. Source: county tax records.