1319 Highcrest Dr · Chattanooga, TN 37343

$320,000

5 bd · 3.5 ba · 1,800 sqft · SingleFamily public records · 41 Days on market

Built 1968 0.33 ac lot Est $362k · 12% 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).

• Cash flow +15.2/30.0
• ARV discount +12.7/15.0
• DSCR +4.7/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• 1% rule +3.0/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

5-bedroom, 3-bath home located in a highly desirable neighborhood, just minutes from shopping, dining, and everyday conveniences. This family home offers plenty of room to live, work, with a functional layout designed for comfort and flexibility. Enjoy relaxing mornings or peaceful evenings from the private second-floor balcony. With generous living spaces and a welcoming atmosphere, this home is perfect for growing families or anyone looking for space in a convenient location.

Key facts

• Functional layout
• 0.33 acre lot
• 2 garage spots

Tags

• PRIVATE SECOND-FLOOR BALCONY
• HIGHLY DESIRABLE NEIGHBORHOOD
• FUNCTIONAL LAYOUT
• GENEROUS LIVING SPACES

Property features AI

Finance

• Other: Located in the North Glen Estates subdivision; Publicly maintained asphalt city street frontage; Garage(s) listed as other structures

Exterior

• Parking: 2-car garage; Driveway; Garage with opener; Garage faces front; Paved parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Electricity available; Cable available
• Home design: Single-family house; Two levels; Fixer condition
• Construction: Brick and wood siding construction; Metal roof; Block and brick/mortar foundation
• Exterior features: Balcony; Private yard; Back yard and front yard; Gentle sloping lot; Covered front and rear porches

Interior

• Kitchen: Refrigerator; Microwave; Free-standing electric range; Cooktop; Dishwasher; Pantry
• Bedrooms: Master bedroom on main level
• Flooring: Carpet; Vinyl
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Central heat; Heat pump; Central electric air conditioning
• Interior features: Crown molding; Laminate counters; Pantry; Soaking tub; Master bedroom on main level; Gas-log fireplace with gas starter in the den; Home warranty included
• Laundry & utility: Washer/Dryer included; Washer hookup; Electric dryer hookup; Laundry located in garage

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $45 ($536/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 $256k (20.1% below list).
• Recommended offer: $256k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: Dupont Elementary (math 27% / reading 22%, grade F, #546 of 952 statewide, top 61%, 233 students, 0% FRL); Hixson Middle School (math 27% / reading 20%, grade F, #162 of 333 statewide, top 50%, 607 students, 0% FRL); Hixson High School (math 22% / reading 32%, grade F, #104 of 332 statewide, top 33%, 935 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.
• Market conditions: Rents rising (+2.4%/yr); 466 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 37% of the median local income ($82k/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 $2k of loan paydown is wiped out by about $10k 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 41 days — a 3% lower offer ($310k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $255,823 (20.1% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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. 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?
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: 0.80% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.49%
• DSCR: 1.07
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $361,800
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1304 Highcrest Dr	0.13mi	4/2.5 (-1)	1,976 (+10%)	2mo	$335,000	$170	67
1305 Highcrest Dr	0.13mi	4/2.5 (-1)	1,920 (+7%)	22mo	$385,000	$201	55

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-50,626
• Equity at exit: $47,713

10-year hold

• IRR: -8.6%
• Equity multiple: 0.48×
• Total profit: $-46,976
• Equity at exit: $27,668

Cash invested: $89,600 (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 37343

• Rents YoY: 2.4%
• Active inventory: 466
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,558 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$98 /mo · $1,181/yr
• Insurance: −$133
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $45

Break-even live

Break-even rent $2,502

Max offer price $320,000

Occupancy floor 93%

Sensitivity live

Price	-10% $226	-5% $135	+0% $45	+5% $-46	+10% $-137
Rent	-10% $-157	-5% $-56	+0% $45	+5% $146	+10% $247
Rate	-1.0pp $206	-0.5pp $126	base $45	+0.5pp $-38	+1.0pp $-123

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
590 Strong Ave Hixson, TN	4.0	2.0	1560	$2,290	$1.47	25d	1	0.86mi
4630 Sherry Ln Hixson, TN	4.0	2.5	1850	$2,095	$1.13	15d	1	1.03mi
120 Passons Rd Chattanooga, TN	4.0	3.0	1670	$2,300	$1.38	25d	1	1.07mi
4805 Dyno Loop Chattanooga, TN	4.0	3.0	2515	$3,050	$1.21	25d	1	1.33mi
101 Flash Way Chattanooga, TN	4.0	2.5	1766	$2,500	$1.42	25d	1	1.36mi
106 Flash Way Chattanooga, TN	4.0	2.5	1766	$2,500	$1.42	25d	1	1.37mi

Listing history 17 events

1. 2026-06-22
   days on market $320,000 Active 41 DOM
2. 2026-06-18
   days on market $320,000 Active 38 DOM
3. 2026-06-17
   days on market $320,000 Active 37 DOM
4. 2026-06-16
   days on market $320,000 Active 36 DOM
5. 2026-06-15
   days on market $320,000 Active 35 DOM
6. 2026-06-14
   days on market $320,000 Active 33 DOM
7. 2026-06-10
   days on market $320,000 Active 30 DOM
8. 2026-06-09
   days on market $320,000 Active 29 DOM
9. 2026-06-08
   days on market $320,000 Active 28 DOM
10. 2026-06-07
    days on market $320,000 Active 27 DOM
11. 2026-06-05
    days on market $320,000 Active 24 DOM
12. 2026-06-03
    days on market $320,000 Active 23 DOM
13. 2026-06-02
    days on market $320,000 Active 22 DOM
14. 2026-06-01
    days on market $320,000 Active 21 DOM
15. 2026-05-31
    days on market $320,000 Active 20 DOM
16. 2026-05-30
    days on market $320,000 Active 19 DOM
17. 2026-05-11
    listed $320,000 Active

ⓘ 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: $1,181 · $98/mo
• Projected year-2 tax: $2,272 · $189/mo
• Expected delta: +$1,091/yr (+$91/mo · 92.3%)

ⓘ 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 ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,699
• − Mortgage interest: −$17,925
• − Property taxes: −$1,181
• − Insurance: −$2,398
• − Repairs & maintenance: −$2,456
• − Management: −$2,456
• − Depreciation: −$9,309
• Taxable loss: −$5,026
• Est. tax savings @ 24.0%: +$1,206
• After-tax cash flow: $1,742/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): 45,101
• Household income: $82,227
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 1152.0

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: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 7% Two or more races 6% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam, South Korea
• Languages at home: 92% English-only · Spanish 5% Other Indo-European 1% Chinese 1%

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: ▼ -324.61%
• Current HPI: 260.3778
• Rent YoY: ▲ 2.41%
• 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

1 event — show timeline

• 2026-05-11 Listed $320,000 GCAR

Property tax history

+0.9%/yr

Latest (2025): $1,181 · +17.9% YoY. Source: county tax records.