6030 Talladega Ave · Chattanooga, TN 37421

$99,000

3 bd · 1.0 ba · 846 sqft · SingleFamily public records · 36 Days on market

Built 1960 8,276 sqft lot Est $181k · 45% under

---

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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

Key facts

• Strong rental demand
• 8,276 sq ft lot
• Built 1960

Tags

• DEDICATED LAUNDRY AREA
• EASY ACCESS TO STATE ROUTE 153
• QUICK TRAVEL TO DOWNTOWN
• POPULAR RETAIL OPTIONS
• STRONG RENTAL DEMAND
• EASY ACCESS TO LOCAL AMENITIES

Property features AI

Finance

• Other: Located in the Washington Park subdivision

Exterior

• Parking: Off-street parking
• Utilities: Public water; Electricity connected; Water connected
• Home design: Single-family residence; Residential property
• Construction: Wood siding; Block foundation; Built with traditional wood-frame construction
• Exterior features: Corner lot; Shingle roof; No notable exterior features listed

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Window unit cooling
• Interior features: Window air conditioning units

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.4% 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: Bess T Shepherd Elementary (math 16% / reading 15%, grade F, #745 of 952 statewide, top 79%, 496 students, 0% FRL); Tyner Middle Academy (math 12% / reading 11%, grade F, #247 of 333 statewide, top 75%, 392 students, 0% FRL); Tyner Academy (math 8% / reading 5%, grade F, #305 of 332 statewide, top 92%, 559 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 soft (-1.0%/yr); 572 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k 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 36 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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: 1.62% ✓
• Cap rate: 14.35%
• Cash-on-cash: 28.78%
• DSCR: 2.28
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $181,044
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6323 Fisk Ave	0.41mi	2/1.0 (-1)	772 (-9%)	16mo	$160,000	$207	48
6321 Fisk Ave	0.40mi	3/2.0	960 (+14%)	16mo	$205,000	$214	42

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.81×
• Total profit: $-5,321
• Equity at exit: $14,761

10-year hold

• IRR: -1.5%
• Equity multiple: 0.92×
• Total profit: $-2,261
• Equity at exit: $8,560

Cash invested: $27,720 (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 37421

• Rents YoY: -1.0%
• Active inventory: 572
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,600 high
• Mortgage (P&I): −$519
• Tax from tax record: −$39 /mo · $463/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $238

Break-even live

Break-even rent $1,298

Max offer price $99,000

Occupancy floor 80%

Sensitivity live

Price	-10% $294	-5% $266	+0% $238	+5% $210	+10% $182
Rent	-10% $112	-5% $175	+0% $238	+5% $301	+10% $365
Rate	-1.0pp $288	-0.5pp $263	base $238	+0.5pp $213	+1.0pp $187

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6303 Walden Ave Chattanooga, TN	3.0	1.5	942	$1,395	$1.48	24d	1	0.25mi
1806 Dixon St Chattanooga, TN	2.0	1.0	865	$1,375	$1.59	14d	1	0.29mi
6220 Shallowford Rd Chattanooga, TN	1.0–3.0	1.0–2.0	865	$1,613	$1.86	14d	20	0.78mi
6388 Dellridge Pl Chattanooga, TN	1.0–3.0	1.0–2.0	1232	$2,000	$1.62	22d	43	0.92mi
1521 Hickory Valley Rd Chattanooga, TN	3.0	1.0–2.0	862	$1,571	$1.82	14d	11	1.15mi
1507 Hickory Valley Rd Chattanooga, TN	1.0–3.0	1.0–2.0	927	$1,590	$1.71	14d	33	1.21mi
1701 N Concord Rd Chattanooga, TN	1.0–2.0	1.0–2.0	932	$1,375	$1.47	14d	6	1.38mi
6920 Northside Dr Chattanooga, TN	2.0	2.0	1100	$1,300	$1.18	24d	1	1.42mi
6920 Northside Dr Unit A Chattanooga, TN	2.0	2.0	1100	$1,275	$1.16	14d	1	1.42mi

Listing history 19 events

1. 2026-06-09
   days on market $99,000 Active 36 DOM
2. 2026-06-08
   days on market $99,000 Active 35 DOM
3. 2026-06-07
   days on market $99,000 Active 34 DOM
4. 2026-06-05
   days on market $99,000 Active 31 DOM
5. 2026-06-03
   days on market $99,000 Active 30 DOM
6. 2026-06-02
   days on market $99,000 Active 29 DOM
7. 2026-06-01
   days on market $99,000 Active 28 DOM
8. 2026-05-31
   days on market $99,000 Active 27 DOM
9. 2026-05-30
   days on market $99,000 Active 26 DOM
10. 2026-05-24
    status Active
11. 2026-05-19
    status Pending
12. 2026-04-28
    listed $99,000 Active
13. 2026-01-28
    listed $114,900 1116-char remark

    Show marketing remark (1116 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

14. 2026-01-28
    soldstatus $97,000 1116-char remark

    Show marketing remark (1116 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

15. 2026-01-28
    soldstatus $97,000 Closed 1105-char remark

    Show marketing remark (1116 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

16. 2026-01-28
    soldstatus $97,000

    Show marketing remark (1116 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

17. 2026-01-09
    status Pending 1105-char remark

    Show marketing remark (1105 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

18. 2026-01-01
    listed $114,900 Active 1105-char remark

    Show marketing remark (1105 chars)

    Great opportunity for investors and first-time buyers! This solid 3-bedroom, 1-bath home sits two lot's in the affordable and accessible Shepherd neighborhood of Chattanooga. Featuring a functional layout with an easy-care interior plus a dedicated laundry area, this property is primed for rental income or cosmetic updates for added value. Located just minutes from major routes such as US-27 and nearby Ringgold Road/Lee Highway corridors, commuting throughout Chattanooga and beyond is convenient for residents and future tenants alike. Easy access to State Route 153 and Interstate connections provides quick travel to downtown, Hamilton Place, and the Chattanooga area. For shopping and everyday needs, popular retail options and services are easily reached along Lee Highway and Ringgold Road, with larger centers like Northgate Mall and a range of specialty shops just a short drive away. Whether building your investment portfolio or entering the Chattanooga market, this property offers a terrific value in a location with strong rental demand and easy access to local amenities. Don't miss out!

19. 2025-10-03
    soldstatus $75,000

ⓘ 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: $463 · $39/mo
• Projected year-2 tax: $703 · $59/mo
• Expected delta: +$240/yr (+$20/mo · 51.9%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°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: $19,197
• − Mortgage interest: −$5,546
• − Property taxes: −$463
• − Insurance: −$5,614
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − Depreciation: −$2,880
• Taxable income: $1,623
• Est. tax owed @ 24.0%: −$390
• After-tax cash flow: $2,470/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): 52,985
• Household income: $82,517
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1975.0

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 0.56)
• Race & ethnicity: White 61% Black 23% Hispanic / Latino 8% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 2% Serbian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Other Asian/Pacific 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: ▼ -316.60%
• Current HPI: 237.6897
• Rent YoY: ▼ -1.04%
• 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

+32.0% since first listed

10 events — show timeline

• 2026-05-24 Relisted — GCAR
• 2026-05-19 Pending — GCAR
• 2026-04-28 Listed $99,000 GCAR
• 2026-01-28 Listed $114,900 REALTRACS as Distributed by MLS Grid
• 2026-01-28 Sold (Public Records) $97,000 Public Records
• 2026-01-28 Sold (MLS) $97,000 GCAR
• 2026-01-28 Sold (MLS) $97,000 REALTRACS as Distributed by MLS Grid
• 2026-01-09 Pending — GCAR
• 2026-01-01 Listed $114,900 GCAR
• 2025-10-03 Sold (Public Records) $75,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $463 · +69.9% YoY. Source: county tax records.