3727 Anderson Ave · Chattanooga, TN 37412

$219,900

3 bd · 2.0 ba · 2,400 sqft · SingleFamily public records · 38 Days on market

Built 1947 7,696 sqft lot Est $439k · 50% under

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Why this score? — see what drove the C 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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +4.7/10.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Do Not Disturb Tenants!!!!! Exclusive Value-Add Opportunity - 2,400 SQFT Income-Producing Asset in Prime Location An Investor's Dream! This expansive 2,400 sqft property presents a premier value-add and flip opportunity, offering immediate rental income with strong upside potential. Whether you're looking to hold for cash flow or renovate and resell for a profit, this asset is a standout in today's market. Located in a high-demand, centrally positioned area of East Ridge , it provides effortless access to major highways, shopping, dining, and public transit--ensuring sustained tenant demand and long-term appreciation. Investment Highlights: 2,400 SQFT of Opportunity - Generous space

Key facts

• Effortless access
• 7,696 sq ft lot
• Built 1947

Tags

• CENTRALLY POSITIONED AREA
• EFFORTLESS ACCESS
• STRONG UPSIDE POTENTIAL

Property features AI

Finance

• Other: Located in the Lerch Place subdivision

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; Residential property
• Construction: Wood siding exterior; Block foundation; Built area above grade listed as 2,400
• Exterior features: No notable exterior features listed

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Window Unit(s) cooling
• Interior features: Basement present; Window air conditioning units

🏷️ Possibly a rental listed for sale. The $219,900 price doesn't fit this home's estimated sale value (~$439,200) 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/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/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 $213k (3.3% below list).
• Recommended offer: $213k (3.3% below list) — sets the bar for 1% rule.
• Cap rate 8.2% 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: East Ridge Elementary (math 22% / reading 18%, grade F, #644 of 952 statewide, top 68%, 996 students, 0% FRL); East Ridge Middle School (math 12% / reading 14%, grade F, #237 of 333 statewide, top 72%, 701 students, 0% FRL); East Ridge High School (math 7% / reading 17%, grade F, #265 of 332 statewide, top 80%, 1,008 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 15% at this address vs 31% district-wide (-16 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 (-2.0%/yr); 157 active listings in the ZIP; 5 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 41% of the median local income ($63k/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 $7k 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 38 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; list at $220k implies a 1471% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $212,561 (3.3% below list)

Questions for the listing agent

1. It's been on market 38 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 1947 — 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: 0.97% ✗
• Cap rate: 8.17%
• Cash-on-cash: 6.72%
• DSCR: 1.30
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $439,200
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4101 Wiley Ave	0.44mi	3/2.0	2,318 (-3%)	12mo	$425,000	$183	64
400 Marlboro Ave	0.59mi	3/2.0	2,291 (-4%)	3mo	$380,000	$166	62
901 Belvoir Hills Dr	0.63mi	3/2.0	2,216 (-8%)	5mo	$362,000	$163	54
111 Belvoir Ave	0.47mi	3/2.5	2,644 (+10%)	10mo	$505,000	$191	51
914 Belvoir Hills Cir	0.70mi	4/3.0 (+1)	2,415 (+1%)	15mo	$335,000	$139	44
103 S Sweetbriar Ave	0.71mi	3/2.0	2,045 (-15%)	1mo	$425,000	$208	42
3541 Dell Trl	0.60mi	4/2.5 (+1)	2,595 (+8%)	24mo	$475,000	$183	32

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: -11.1%
• Equity multiple: 0.61×
• Total profit: $-24,171
• Equity at exit: $32,788

10-year hold

• IRR: -6.5%
• Equity multiple: 0.64×
• Total profit: $-22,455
• Equity at exit: $19,013

Cash invested: $61,572 (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 37412

• Home prices YoY: -28.8%
• Rents YoY: -2.0%
• Active inventory: 157
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,126 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$90 /mo · $1,075/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $278

Break-even live

Break-even rent $1,773

Max offer price $219,900

Occupancy floor 82%

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3229 Westonia Dr Chattanooga, TN	4.0	2.0	2130	$2,695	$1.27	23d	1	0.58mi
3617 Monte Vista Dr Chattanooga, TN	3.0	2.0	1628	$1,823	$1.12	13d	1	0.60mi
5314 Audreys Pl Chattanooga, TN	4.0	2.5	1645	$2,295	$1.40	21d	1	1.37mi
4224 Victory St Chattanooga, TN	3.0	2.0	1736	$1,995	$1.15	23d	1	1.46mi
3400 Betty Ln Unit 3403 East Ridge, TN	3.0	2.5	2500	$1,350	$0.54	23d	1	1.47mi

Listing history 23 events

1. 2026-06-18
   days on market $219,900 Active 38 DOM
2. 2026-06-17
   days on market $219,900 Active 37 DOM
3. 2026-06-16
   days on market $219,900 Active 36 DOM
4. 2026-06-15
   days on market $219,900 Active 35 DOM
5. 2026-06-14
   days on market $219,900 Active 33 DOM
6. 2026-06-10
   days on market $219,900 Active 30 DOM
7. 2026-06-09
   days on market $219,900 Active 29 DOM
8. 2026-06-08
   days on market $219,900 Active 28 DOM
9. 2026-06-07
   days on market $219,900 Active 27 DOM
10. 2026-06-05
    days on market $219,900 Active 24 DOM
11. 2026-06-03
    days on market $219,900 Active 23 DOM
12. 2026-06-02
    days on market $219,900 Active 22 DOM
13. 2026-06-01
    days on market $219,900 Active 21 DOM
14. 2026-05-31
    days on market $219,900 Active 20 DOM
15. 2026-05-30
    days on market $219,900 Active 19 DOM
16. 2026-05-08
    listed $219,900 Active
17. 2025-06-01
    price $239,900
18. 2023-12-16
    price $249,000
19. 2023-09-11
    price $219,000
20. 2021-04-17
    price $134,900
21. 2012-12-03
    soldstatus $14,000
22. 2012-12-03
    soldstatus $17,500
23. 2012-11-26
    soldstatus $14,000

ⓘ 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: $1,075 · $90/mo
• Projected year-2 tax: $1,561 · $130/mo
• Expected delta: +$487/yr (+$41/mo · 45.3%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% 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 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: $25,507
• − Mortgage interest: −$12,318
• − Property taxes: −$1,075
• − Insurance: −$1,897
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − Depreciation: −$6,397
• Taxable loss: −$260
• Est. tax savings @ 24.0%: +$62
• After-tax cash flow: $3,403/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): 21,864
• Household income: $62,508
• Rent vs Own: 42.3% rent · 57.7% own
• Severe rent burden: 857.0

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 (69%)
• Race & ethnicity: White 69% Hispanic / Latino 15% Black 11% Two or more races 5%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% American 2%
• Foreign-born: 9% · Canada, Dominican Republic
• Languages at home: 85% English-only · Spanish 12% Russian/Polish/Slavic 1% 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: ▼ -109.86%
• Current HPI: 271.4004
• Rent YoY: ▼ -2.04%
• 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

+1470.7% since first listed

8 events — show timeline

• 2026-05-08 Listed $219,900 GCAR
• 2025-06-01 Price Changed $239,900 GCAR
• 2023-12-16 Price Changed $249,000 GCAR
• 2023-09-11 Price Changed $219,000 GCAR
• 2021-04-17 Price Changed $134,900 GCAR
• 2012-12-03 Sold (Public Records) $17,500 Public Records
• 2012-12-03 Sold (Public Records) $14,000 Public Records
• 2012-11-26 Sold (MLS) $14,000 GCAR

Property tax history

+11.9%/yr

Latest (2025): $1,075 · +16.5% YoY. Source: county tax records.