239 Everglades Blvd · East Ridge, TN 30741

$159,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 20 Days on market

Built 1947 0.27 ac lot Est $295k · 46% 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 +21.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.7/10.0
• Rent growth +4.4/5.0
• Livability +3.6/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Gorgeous 3 Bedroom 1 Bathroom Ranch. Fully renovated and full of upgrades! Minutes from Chattanooga's top attractions including the Tennessee Aquarium, Ruby Falls on Lookout Mountain and Chattanooga Choo-Choo. Move-in ready with all new flooring throughout. Newly painted inside and outside. Recently serviced HVAC and new appliances in the kitchen, Whirlpool dishwasher, Amana stove. Fenced-in front yard for kids and pets and a huge backyard. l love the extra details that were put into this complete renovation. The interior has plenty of natural light and all the light fixtures have been upgraded to new, modern fixtures with dimmable settings.

Key facts

• 0.27 acre lot
• Built 1947
• Listed 20 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $228 ($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 $154k (3.4% below list).
• Recommended offer: $154k (3.4% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 3.8% in East Ridge — 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 71/100 on livability (#41 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities D+, crime D, commute F.
• Catoosa County (suburban): math 36% / reading 41% proficiency, ranked #49 of 174 in GA (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West Side Elementary School (math 37% / reading 27%, grade F, #582 of 1,228 statewide, top 50%, 508 students, 73% FRL); Lakeview Middle School (math 24% / reading 32%, grade F, #265 of 470 statewide, top 57%, 690 students, 67% FRL); Lakeview-Fort Oglethorpe High School (math 14% / reading 22%, grade F, #258 of 424 statewide, top 62%, 1,023 students, 55% FRL) — zoned schools average 65% FRL vs 41% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 38% district-wide (-12 pts) — the specific schools serving this property underperform the Catoosa County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+7.4%/yr); 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 848 units permitted in Catoosa County in 2024 (256 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Catoosa County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago 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: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $153,549 (3.4% below list)

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 8.02%
• Cash-on-cash: 6.15%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $295,344
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 Idle Place Cir Lot 56	0.51mi	2/2.0 (-1)	1,023 (+2%)	0mo	$300,000	$293	64
193 Biscayne Blvd	0.09mi	3/2.0	1,150 (+14%)	7mo	$220,000	$191	62
169 Everglades Blvd	0.07mi	2/1.0 (-1)	888 (-12%)	13mo	$95,000	$107	61
164 Idle Place Cir Lot 80	0.59mi	2/2.0 (-1)	1,023 (+2%)	2mo	$290,000	$283	59
152 Idle Place Cir Lot 82	0.59mi	2/2.0 (-1)	958 (-5%)	1mo	$269,900	$282	54
267 Idle Place Cir	0.51mi	2/2.0 (-1)	1,042 (+3%)	10mo	$319,900	$307	53
1314 Adona Ln	0.68mi	2/1.0 (-1)	1,062 (+5%)	3mo	$165,000	$155	52
364 Idle Place Cir Lot 62	0.57mi	2/2.0 (-1)	1,040 (+3%)	12mo	$319,900	$308	49
172 Idle Place Cir Lot 79	0.59mi	2/2.0 (-1)	1,086 (+8%)	2mo	$325,000	$299	49
5603 Clemons Rd	0.62mi	3/1.0	1,142 (+13%)	2mo	$180,000	$158	47
211 Idle Place Cir	0.56mi	2/2.0 (-1)	1,090 (+8%)	6mo	$320,000	$294	46
291 Idle Place Cir	0.51mi	2/2.0 (-1)	1,090 (+8%)	10mo	$329,900	$303	46

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 · 7.44% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-4,103
• Equity at exit: $23,707

10-year hold

• IRR: 11.4%
• Equity multiple: 2.06×
• Total profit: $47,196
• Equity at exit: $13,747

Cash invested: $44,520 (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 30741

• Home prices YoY: -30.7%
• Rents YoY: 7.4%
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,535 high
• Mortgage (P&I): −$834
• Tax from tax record: −$85 /mo · $1,016/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $228

Break-even live

Break-even rent $1,246

Max offer price $159,000

Occupancy floor 80%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 Biscayne Blvd Rossville, GA	2.0	2.0	1000	$1,650	$1.65	43d	1	0.19mi
34 Biscayne Blvd Rossville, GA	3.0	1.0	1100	$1,399	$1.27	13d	1	0.24mi
5700 Roper St Chattanooga, TN	1.0–2.0	1.0–1.5	795	$1,120	$1.41	23d	1	0.36mi
1640 Keeble St East Ridge, TN	2.0	1.5	800	$1,095	$1.37	23d	1	0.38mi
1638 Keeble St Unit 1640 Chattanooga, TN	2.0	1.5	800	$1,095	$1.37	23d	1	0.38mi
1502 Prater Rd Chattanooga, TN	4.0	1.5	1280	$2,340	$1.83	23d	1	0.61mi
22 Ann Dr Rossville, GA	2.0	1.0	800	$1,250	$1.56	13d	1	1.05mi
686 Mack Smith Rd Rossville, GA	3.0	2.0	1443	$2,500	$1.73	43d	1	1.07mi
1710 Jennings Ln Chattanooga, TN	3.0	2.0	1350	$1,795	$1.33	23d	1	1.14mi
5307 Marion Ave Chattanooga, TN	2.0	1.0	900	$1,150	$1.28	23d	1	1.21mi
61 Corley Ave Rossville, GA	3.0	2.0	1304	$1,823	$1.40	23d	1	1.34mi
1111 McBrien Rd Chattanooga, TN	4.0	2.0	1300	$1,499	$1.15	13d	1	1.37mi

Listing history 7 events

1. 2024-09-25
   status Pending
2. 2022-12-28
   soldstatus $166,000
3. 2022-12-05
   status Pending
4. 2022-12-01
   status Active
5. 2022-11-23
   historical Contingent
6. 2022-11-15
   listed $159,000 Active
7. 2022-08-18
   soldstatus $81,000

ⓘ 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: $1,016 · $85/mo
• Projected year-2 tax: $1,129 · $94/mo
• Expected delta: +$113/yr (+$9/mo · 11.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 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: $18,426
• − Mortgage interest: −$8,906
• − Property taxes: −$1,016
• − Insurance: −$795
• − Repairs & maintenance: −$1,474
• − Management: −$1,474
• − Depreciation: −$4,625
• Taxable income: $135
• Est. tax owed @ 24.0%: −$32
• After-tax cash flow: $2,708/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: Catoosa County
• NCES district ID: 1300930
• Math proficiency: 36% ▼ -15.00%
• Reading proficiency: 41% ▼ -8.00%
• Median HH income: $48,913
• Composite: 33.13/100
• National rank: #5558
• State rank: #49 of 174 in GA

Livability — East Ridge

• Score: 71/100
• State rank: #41
• US rank: #6686

Category grades

Amenities D+ Commute F Cost of living A+ Crime D Employment D- Housing A+ Health & safety A User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walker County
• City population: 21,864
• Metro: Chattanooga, TN-GA
• Population (ZIP): 30,041
• Household income: $58,834
• Rent vs Own: 32.3% rent · 67.7% own
• Severe rent burden: 834.0

Population outlook (Catoosa County) Hauer SSP2

• Today (2025): 70,112 people
• By 2030: 71,621 · +2.2%
• By 2040: 73,595 · +5.0%
• By 2050: 73,921 · +5.4%
• By 2075: 72,135 · +2.9%
• By 2100: 65,979 · -5.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 5% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Slovak 3% Iranian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Catoosa

• 2024 margin: Solid R (+55.5) · D 22.0% · R 77.5%
• 2008→2024 swing: -5.7pp toward R · 2008: -49.8pp · 2024: -55.5pp
• All cycles: 2024: R+55.5 2020: R+56.0 2016: R+60.7 2012: R+52.8 2008: R+49.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.05%
• Current HPI: 267.0047
• Rent YoY: ▲ 7.44%
• 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

+104.9% since first listed

7 events — show timeline

• 2024-09-25 Pending — GCAR
• 2022-12-28 Sold (Public Records) $166,000 Public Records
• 2022-12-05 Pending — GCAR
• 2022-12-01 Relisted — GCAR
• 2022-11-23 Contingent — GCAR
• 2022-11-15 Listed $159,000 GCAR
• 2022-08-18 Sold (Public Records) $81,000 Public Records

Property tax history

+20.2%/yr

Latest (2025): $1,016 · -4.2% YoY. Source: county tax records.