4011 Hooker Rd · Chattanooga, TN 37410

$140,000

3 bd · 2.0 ba · 1,322 sqft · SingleFamily public records · 60 Days on market

Built 1935 7,840 sqft lot Est $258k · 46% 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +5.8/10.0
• Appreciation +5.7/10.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Some Major work has been done to make this house a home again. This 4 bedroom home is now a turn key property! Home is currently rented for $850. Home will not be show until the inspection period with an accepted offer. Sold AS-IS

Key facts

• 7,840 sq ft lot
• Built 1935
• Listed 60 days

Property features AI

Finance

• HOA & community: No community features listed

Exterior

• Parking: Driveway; Off-street parking
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Phone connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; House; Property listed as a fixer
• Construction: Vinyl siding; Shingle roof; Block and slab foundation; Built as level lot
• Exterior features: Deck; Covered patio; Porch; No additional exterior features listed

Interior

• Kitchen: Free-standing electric range
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central electric air conditioning
• Interior features: Open floorplan; Aluminum-framed windows

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 $300 ($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: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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: Hixson Elementary (math 24% / reading 20%, grade F, #601 of 952 statewide, top 66%, 402 students, 0% FRL); Orchard Knob Middle (math 5% / reading 6%, grade F, #291 of 333 statewide, top 88%, 334 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 14% at this address vs 31% district-wide (-17 pts) — the specific schools serving this property underperform the Hamilton County average; the district grade overstates school quality for this exact location.
• Market conditions: 61 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); lower-income renter base — watch delinquency; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• At $1,506/mo this rent would consume 63% of the median local household income ($29k/yr) (locally 406% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $3k of equity ($968 loan paydown + $2k appreciation (1.3% local appreciation)).
• Hamilton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 8→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 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 1935 — 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: 1.08% ✓
• Cap rate: 9.43%
• Cash-on-cash: 11.22%
• DSCR: 1.50
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $257,790
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4009 Kirkland Ave	0.03mi	4/2.0 (+1)	1,488 (+13%)	6mo	$290,000	$195	67
4101 Fagan St	0.26mi	2/1.0 (-1)	1,176 (-11%)	16mo	$89,600	$76	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.61×
• Total profit: $23,997
• Equity at exit: $50,239

10-year hold

• IRR: 15.2%
• Equity multiple: 2.90×
• Total profit: $74,556
• Equity at exit: $68,697

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 37410

• Home prices YoY: 0.6%
• Active inventory: 61
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,506 high
• Mortgage (P&I): −$734
• Tax from tax record: −$31 /mo · $369/yr
• Insurance: −$58
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $300

Break-even live

Break-even rent $1,126

Max offer price $140,000

Occupancy floor 75%

Sensitivity live

Price	-10% $379	-5% $340	+0% $300	+5% $260	+10% $221
Rent	-10% $181	-5% $240	+0% $300	+5% $359	+10% $419
Rate	-1.0pp $370	-0.5pp $336	base $300	+0.5pp $264	+1.0pp $227

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 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4020 Kirkland Ave Chattanooga, TN	3.0	1.0	1326	$785	$0.59	24d	1	0.06mi
3818 Chandler Ave Chattanooga, TN	2.0	1.5	900	$1,450	$1.61	14d	1	0.15mi
3713 Dorris St Chattanooga, TN	3.0	1.0	974	$1,025	$1.05	14d	1	0.22mi
3609 Carl White Pl Chattanooga, TN	2.0	1.0	1100	$799	$0.73	24d	1	0.57mi
4905 Central Ave Chattanooga, TN	2.0–3.0	2.0	1169	$637	$0.54	14d	2	0.74mi
1133 Bexley Sq Chattanooga, TN	3.0	1.0–2.0	913	$2,574	$2.82	14d	22	0.88mi
3155 Saint Elmo Ave #10 Chattanooga, TN	2.0	2.0	1350	$1,899	$1.41	24d	1	1.18mi
1420 Stockyard Pl Chattanooga, TN	3.0	2.5	1750	$2,400	$1.37	14d	1	1.19mi
5505 Central Ave Chattanooga, TN	3.0	2.0	1050	$1,725	$1.64	22d	1	1.35mi

Listing history 18 events

1. 2026-06-10
   status $140,000 Pending 60 DOM
2. 2026-06-09
   days on market $140,000 Active 60 DOM
3. 2026-06-08
   days on market $140,000 Active 59 DOM
4. 2026-06-07
   days on market $140,000 Active 58 DOM
5. 2026-06-05
   days on market $140,000 Active 55 DOM
6. 2026-06-03
   days on market $140,000 Active 54 DOM
7. 2026-06-02
   days on market $140,000 Active 53 DOM
8. 2026-06-01
   days on market $140,000 Active 52 DOM
9. 2026-05-31
   days on market $140,000 Active 51 DOM
10. 2026-05-30
    days on market $140,000 Active 50 DOM
11. 2026-05-20
    price $140,000
12. 2026-04-10
    listed $188,000 Active
13. 2026-04-06
    historical $188,000
14. 2021-05-17
    soldstatus $651,962
15. 2019-02-07
    soldstatus $170,000
16. 2019-02-05
    soldstatus $63,500 230-char remark

    Show marketing remark (230 chars)

    Some Major work has been done to make this house a home again. This 4 bedroom home is now a turn key property! Home is currently rented for $850. Home will not be show until the inspection period with an accepted offer. Sold AS-IS

17. 2018-06-26
    soldstatus $50,000
18. 2018-05-29
    soldstatus $46,000

ⓘ 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: $369 · $31/mo
• Projected year-2 tax: $994 · $83/mo
• Expected delta: +$625/yr (+$52/mo · 169.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 8 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $18,072
• − Mortgage interest: −$7,842
• − Property taxes: −$369
• − Insurance: −$1,498
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − Depreciation: −$4,073
• Taxable income: $1,398
• Est. tax owed @ 24.0%: −$336
• After-tax cash flow: $3,264/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): 4,129
• Household income: $28,708
• Rent vs Own: 79.9% rent · 20.1% own
• Severe rent burden: 406.0

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 (81%)
• Race & ethnicity: Black 81% Two or more races 10% White 8% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Scotch-Irish 1%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 6%

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: ▲ 1.33%
• Current HPI: 228.3522
• Rent YoY: —
• 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

+204.3% since first listed

8 events — show timeline

• 2026-05-20 Price Changed $140,000 GCAR
• 2026-04-10 Listed $188,000 GCAR
• 2026-04-06 Coming Soon $188,000 GCAR
• 2021-05-17 Sold (Public Records) $651,962 Public Records
• 2019-02-07 Sold (Public Records) $170,000 Public Records
• 2019-02-05 Sold (MLS) $63,500 GCAR
• 2018-06-26 Sold (Public Records) $50,000 Public Records
• 2018-05-29 Sold (Public Records) $46,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $369 · +43.3% YoY. Source: county tax records.