3513 3rd Ave Ave · Chattanooga, TN 37407

$79,900

2 bd · 1.0 ba · 796 sqft · SingleFamily public records · 1 Days on market

Built 1940 7,159 sqft lot Est $140k · 43% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Livability +3.9/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investors Only! Call me to get the keys to your next investment. Located in growing, greater, Chattanooga! The place where social media businessman, Gary Vaynerchuck, has chosen to make home to one of his companies. If that doesn't scream LOCATION LOCATION LOCATION, I dont know what else will. A small price for a huge ownership in the city of Chattanooga. Your home comes with two standard sized beds, one full bathroom, a seperate livingroom, and kitchen! Decide whether you want to keep the tenants and enjoy the passive income, or put a little work and profit off amazing appreciation!

Key facts

• 7,159 sq ft lot
• Built 1940

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 11.6% 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: Clifton Hills Elementary (math 27% / reading 12%, grade F, #654 of 952 statewide, top 72%, 668 students, 0% FRL); East Lake Academy of Fine Arts (math 4% / reading 6%, grade F, #295 of 333 statewide, top 91%, 528 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 12% at this address vs 31% district-wide (-19 pts) — the specific schools serving this property underperform the Hamilton County average; the district grade overstates school quality for this exact location.
• Market conditions: 40 active listings in the ZIP; 23 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y 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: flood insurance adds $66/mo; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.32% ✓
• Cap rate: 11.59%
• Cash-on-cash: 18.90%
• DSCR: 1.84
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $140,096
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1204 E 35th St	0.53mi	3/1.0 (+1)	832 (+4%)	1mo	$178,000	$214	62
3907 06th Ave	0.35mi	2/1.0	868 (+9%)	9mo	$60,000	$69	61
2910 Faxon St	0.63mi	2/1.0	768 (-4%)	11mo	$134,800	$176	56

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.1%
• Equity multiple: 1.24×
• Total profit: $5,278
• Equity at exit: $11,913

10-year hold

• IRR: 15.5%
• Equity multiple: 2.26×
• Total profit: $28,103
• Equity at exit: $6,908

Cash invested: $22,372 (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 37407

• Home prices YoY: -8.1%
• Active inventory: 40
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,057 high
• Mortgage (P&I): −$419
• Tax from tax record: −$30 /mo · $364/yr
• Insurance: −$33
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $286

Break-even live

Break-even rent $695

Max offer price $79,900

Occupancy floor 68%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2904 E 37th St Chattanooga, TN	1.0	1.0	800	$850	$1.06	23d	1	0.57mi
3114 14th Ave Apt A Chattanooga, TN	1.0	1.0	800	$950	$1.19	23d	1	0.73mi
3308 Roadrunner Trl Chattanooga, TN	2.0	2.0	1000	$1,323	$1.32	23d	1	0.88mi
2903 15th Ave Chattanooga, TN	2.0	1.5	1100	$1,450	$1.32	23d	1	0.93mi
2609 14th Ave Unit 3 Chattanooga, TN	1.0	1.0	616	$850	$1.38	23d	1	0.98mi
2602 14th Ave Unit B Chattanooga, TN	2.0	1.0	700	$1,050	$1.50	23d	1	1.00mi
3380 Shadowlawn Dr Unit 2 Chattanooga, TN	2.0	2.0	629	$1,323	$2.10	14d	1	1.07mi
3392 Shadowlawn Dr Unit A East Ridge, TN	1.0	1.0	800	$1,003	$1.25	14d	1	1.08mi
2417 13th Ave Chattanooga, TN	2.0	1.0	950	$1,150	$1.21	23d	1	1.10mi
3403 Gail Dr Chattanooga, TN	2.0	1.5	1000	$1,425	$1.43	14d	1	1.13mi
4129 Quinn Adams St Unit 2 Chattanooga, TN	2.0	1.0	856	$1,050	$1.23	23d	1	1.14mi
3603 Dorris St Chattanooga, TN	2.0	1.0	700	$825	$1.18	23d	1	1.15mi
3605 Dorris St Chattanooga, TN	2.0	1.0	700	$825	$1.18	23d	1	1.15mi
3414 Betty Ln Chattanooga, TN	2.0	1.5	1117	$1,295	$1.16	23d	1	1.16mi
3713 Dorris St Chattanooga, TN	3.0	1.0	974	$1,025	$1.05	14d	1	1.17mi
2400 15th Ave Unit 336 Chattanooga, TN	1.0	1.0	625	$950	$1.52	23d	1	1.24mi
4113 Dorris St Apt B Chattanooga, TN	2.0	1.0	750	$950	$1.27	23d	1	1.24mi
2001 S Lyerly St Chattanooga, TN	2.0–3.0	2.0	1080	$1,200	$1.11	14d	6	1.30mi
515 W Gordon Ave Rossville, GA	2.0	1.0	906	$999	$1.10	44d	1	1.35mi
2612 E 19th St Chattanooga, TN	2.0	1.0	900	$1,150	$1.28	23d	1	1.41mi
915 S Seminole Dr Chattanooga, TN	2.0	1.0	800	$825	$1.03	14d	3	1.41mi
1020 Wynnwood Rd Chattanooga, TN	2.0	1.0	797	$1,173	$1.47	23d	1	1.42mi
1818 Dodds Ave Chattanooga, TN	2.0	1.0	1036	$1,099	$1.06	14d	1	1.43mi

Listing history 9 events

1. 2024-09-25
   status Pending
2. 2023-09-06
   soldstatus $75,000
3. 2022-03-28
   soldstatus $65,000
4. 2022-03-05
   historical
5. 2022-02-26
   status Active
6. 2022-01-07
   historical Contingent
7. 2021-12-19
   listed $79,900 Active
8. 2012-12-14
   soldstatus $29,000
9. 1988-09-09
   soldstatus $7,500

ⓘ 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: $364 · $30/mo
• Projected year-2 tax: $567 · $47/mo
• Expected delta: +$204/yr (+$17/mo · 55.9%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $12,684
• − Mortgage interest: −$4,476
• − Property taxes: −$364
• − Insurance: −$1,197
• − Repairs & maintenance: −$1,015
• − Management: −$1,015
• − Depreciation: −$2,324
• Taxable income: $2,293
• Est. tax owed @ 24.0%: −$550
• After-tax cash flow: $2,881/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
• City population: 131,999
• Population (ZIP): 10,164

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 0.68)
• Race & ethnicity: Hispanic / Latino 43% White 29% Black 22% Two or more races 14%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Serbian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 27% · Canada
• Languages at home: 52% English-only · Spanish 43% Arabic 3%

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: ▼ -18.82%
• Current HPI: 212.4869
• Rent YoY: —
• Metro: —
• 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

+900.0% since first listed

9 events — show timeline

• 2024-09-25 Pending — GCAR
• 2023-09-06 Sold (Public Records) $75,000 Public Records
• 2022-03-28 Sold (Public Records) $65,000 Public Records
• 2022-03-05 Delisted — GCAR
• 2022-02-26 Relisted — GCAR
• 2022-01-07 Contingent — GCAR
• 2021-12-19 Listed $79,900 GCAR
• 2012-12-14 Sold (Public Records) $29,000 Public Records
• 1988-09-09 Sold (Public Records) $7,500 Public Records

Property tax history

+5.8%/yr

Latest (2025): $364 · +48.2% YoY. Source: county tax records.