2200 Doolittle St · Chattanooga, TN 37406

$150,000

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 112 Days on market

Built 1963 0.48 ac lot Est $209k · 28% 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 +24.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +5.1/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Wonderful one level home situated on level lot. Home features 3 bedroom, hardwoods, and carport. Great for investment with a long standing tenant.

Key facts

• 0.48 acre lot
• Parking
• Built 1963

Property features AI

Finance

• Financial info: Annual tax amount listed
• HOA & community: No community features listed

Exterior

• Parking: Has 1-car carport; Concrete driveway and off-street parking
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; House
• Construction: Shingle roof; Block foundation; Other construction materials; Built on a corner, level lot (140 x 148)
• Exterior features: Porch; No additional exterior features listed; No pool or spa

Interior

• Kitchen: Refrigerator; Free-standing refrigerator; Free-standing range; Dishwasher
• Bedrooms: Total rooms: 5
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fan(s); Eat-in kitchen; Master bedroom on main level; Aluminum-framed windows
• Laundry & utility: Laundry closet

🏷️ Possibly a rental listed for sale. The $150,000 price doesn't fit this home's estimated sale value (~$209,000) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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: Snow Hill Elementary (math 48% / reading 39%, grade F, #184 of 952 statewide, top 19%, 657 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.
• Market conditions: Rents rising fast (+5.1%/yr); 127 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• This rent runs 41% of the median local income ($45k/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 $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 112 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major 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 $136,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — 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: 1.01% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.78%
• DSCR: 1.39
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $209,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2328 Tunnel Blvd	0.28mi	3/1.0	1,020 (+2%)	18mo	$95,000	$93	69
1826 Dogwood Dr	0.32mi	3/1.0	1,146 (+15%)	12mo	$239,000	$209	51

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 · 5.13% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,664
• Equity at exit: $22,365

10-year hold

• IRR: 8.3%
• Equity multiple: 1.69×
• Total profit: $28,983
• Equity at exit: $12,969

Cash invested: $42,000 (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 37406

• Home prices YoY: -23.8%
• Rents YoY: 5.1%
• Active inventory: 127
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,520 high
• Mortgage (P&I): −$787
• Tax from tax record: −$45 /mo · $534/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $241

Break-even live

Break-even rent $1,215

Max offer price $150,000

Occupancy floor 79%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3715 Rollingwood Dr Chattanooga, TN	3.0	1.5	1200	$1,400	$1.17	23d	1	0.24mi
2323 Green Forest Dr Chattanooga, TN	2.0	2.5	1404	$1,750	$1.25	13d	1	0.38mi
1635 Dogwood Dr Chattanooga, TN	3.0	1.0	1024	$1,600	$1.56	13d	1	0.56mi
2829 New Jersey Ave Chattanooga, TN	3.0	2.0	1120	$1,295	$1.16	13d	1	1.00mi
1205 Tunnel Blvd Chattanooga, TN	3.0	1.0	1044	$1,350	$1.29	23d	1	1.01mi
1203 Rockway Dr Unit 2 Chattanooga, TN	2.0	1.0	940	$1,250	$1.33	13d	1	1.07mi
925 Shallowford Rd Chattanooga, TN	1.0–2.0	1.0	720	$950	$1.32	23d	3	1.18mi
907 Sylvan Dr Chattanooga, TN	3.0	2.0	1248	$1,495	$1.20	23d	1	1.21mi
2405 Harley St Chattanooga, TN	2.0	1.0	700	$1,199	$1.71	13d	1	1.22mi
2512 Boone St Chattanooga, TN	3.0	1.0	1060	$1,150	$1.08	13d	1	1.34mi
802 Aubrey Ave Unit 1 Chattanooga, TN	3.0	1.5	1248	$1,495	$1.20	13d	1	1.39mi
2400 Crutchfield St Chattanooga, TN	3.0	1.0	984	$1,200	$1.22	21d	1	1.39mi
3916 Blanchard St Chattanooga, TN	3.0	2.0	1056	$1,445	$1.37	23d	1	1.39mi
3911 Wilsonia Ave Chattanooga, TN	3.0	1.5	1143	$1,395	$1.22	23d	1	1.40mi
3118 Noa St Chattanooga, TN	3.0	2.5	1350	$1,599	$1.18	13d	1	1.41mi
3814 Cherwood Ln Unit B Chattanooga, TN	2.0	1.0	1000	$1,350	$1.35	23d	1	1.42mi
822 Gillespie Rd Chattanooga, TN	2.0	1.0	1000	$1,550	$1.55	13d	1	1.42mi
2305 Glass St Chattanooga, TN	2.0	1.0	738	$1,050	$1.42	23d	1	1.49mi

Listing history 16 events

1. 2026-06-10
   days on market $150,000 Active 112 DOM
2. 2026-06-09
   days on market $150,000 Active 111 DOM
3. 2026-06-08
   days on market $150,000 Active 110 DOM
4. 2026-06-07
   days on market $150,000 Active 109 DOM
5. 2026-06-05
   days on market $150,000 Active 106 DOM
6. 2026-06-03
   days on market $150,000 Active 105 DOM
7. 2026-06-02
   days on market $150,000 Active 104 DOM
8. 2026-06-01
   days on market $150,000 Active 103 DOM
9. 2026-05-31
   days on market $150,000 Active 102 DOM
10. 2026-05-30
    days on market $150,000 Active 101 DOM
11. 2026-04-07
    price $150,000
12. 2026-02-18
    listed $155,000 Active
13. 2013-07-15
    soldstatus $3,727,608
14. 2006-08-31
    soldstatus $95,000
15. 2004-05-07
    soldstatus $80,000
16. 2003-04-24
    soldstatus $50,000

ⓘ 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: $534 · $45/mo
• Projected year-2 tax: $1,065 · $89/mo
• Expected delta: +$531/yr (+$44/mo · 99.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $18,242
• − Mortgage interest: −$8,402
• − Property taxes: −$534
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,459
• − Management: −$1,459
• − Depreciation: −$4,364
• Taxable income: $476
• Est. tax owed @ 24.0%: −$114
• After-tax cash flow: $2,776/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): 13,364
• Household income: $44,850
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 759.0

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 Black (70%)
• Race & ethnicity: Black 70% White 21% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Italian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 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: ▼ -63.73%
• Current HPI: 203.5858
• Rent YoY: ▲ 5.13%
• 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

+200.0% since first listed

6 events — show timeline

• 2026-04-07 Price Changed $150,000 GCAR
• 2026-02-18 Listed $155,000 GCAR
• 2013-07-15 Sold (Public Records) $3,727,608 Public Records
• 2006-08-31 Sold (Public Records) $95,000 Public Records
• 2004-05-07 Sold (Public Records) $80,000 Public Records
• 2003-04-24 Sold (Public Records) $50,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $534 · +14.3% YoY. Source: county tax records.