2113 Eledge Rd · East Ridge, TN 37412

$160,000

3 bd · 1.0 ba · 950 sqft · SingleFamily public records · 17 Days on market

Built 1950 950 sqft lot Est $179k · 10% under

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Why this score? — see what drove the D+ 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 +15.1/30.0
• ARV discount +12.2/15.0
• DSCR +4.6/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking with this immediate income booster! A savvy investor special on this 3 bedroom, 1 full bathroom with great backyard and estimated 12x24 outbuilding and a single carport. House features a combined living and dining room that is open to the kitchen. Off from the kitchen a mud room/laundry room. Some interior updates were done in 2020 to flooring, bathroom, some electrical updates including new switches, outlets, light fixtures and a new water heater. * This is a Section 8 tenant opportunity with current rental $900/month, contract is up for renewal on 10/31/2022 with Landlord notice to be given within Section 8 guidelines. Property is being sold AS-IS.

Key facts

• Adu potential
• Fully renovated
• New hvac

Tags

• LARGE FENCED IN BACKYARD
• STORAGE SHED
• ADU POTENTIAL
• FULLY RENOVATED
• NEW HVAC
• NEW ROOF

Property features AI

Finance

• Other: Lot is gently sloping; Lot dimensions approximately 50 x 236.8 (0.27 acres)
• HOA & community: No community features listed

Exterior

• Parking: Has carport (1 space); Driveway (gravel)
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; Residential property
• Construction: Vinyl siding; Block foundation; Shingle roof; Built on one level
• Exterior features: Awning(s); Private yard; Covered porch; Porch

Interior

• Kitchen: Refrigerator; Free-standing electric range
• Bedrooms: Total of 6 rooms (includes bedrooms and other living areas)
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floorplan; Pantry; Wood window frames; Smoke detector(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $52 ($618/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 $135k (15.6% below list).
• Recommended offer: $135k (15.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• 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); 160 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $1k of loan paydown is wiped out by about $5k 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 17 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $102k; list at $160k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,033 (15.6% below list)

Questions for the listing agent

1. Built in 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.38%
• DSCR: 1.06
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $178,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4 Edwards Ter	0.09mi	2/1.0 (-1)	840 (-12%)	1mo	$224,000	$267	71
4169 E Ridge Dr	0.35mi	3/1.0	1,000 (+5%)	8mo	$175,000	$175	69
4212 Dupont St	0.58mi	3/1.0	942 (-1%)	8mo	$199,900	$212	65
9 Edwards Ter	0.11mi	2/1.0 (-1)	1,068 (+12%)	11mo	$197,500	$185	60
269 E Circle Dr	0.61mi	2/1.0 (-1)	962 (+1%)	6mo	$175,000	$182	59
74 Bell Ave	0.52mi	2/1.0 (-1)	936 (-2%)	14mo	$169,000	$181	57
3844 Kingwood Cir	0.34mi	3/1.0	839 (-12%)	16mo	$111,000	$132	52
146 W State Line Rd	0.41mi	3/1.0	1,062 (+12%)	12mo	$199,500	$188	51
146 W State Line Rd	0.41mi	3/1.0	1,062 (+12%)	12mo	$199,500	$188	51
180 E Circle Dr	0.65mi	3/1.0	1,020 (+7%)	14mo	$130,000	$127	45
198 Nawaka Ave	0.69mi	2/1.0 (-1)	900 (-5%)	18mo	$189,000	$210	39
3616 Wimberly Ln	0.71mi	3/2.0	1,081 (+14%)	2mo	$257,500	$238	38

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: -17.3%
• Equity multiple: 0.41×
• Total profit: $-26,639
• Equity at exit: $23,857

10-year hold

• IRR: -15.6%
• Equity multiple: 0.23×
• Total profit: $-34,409
• Equity at exit: $13,834

Cash invested: $44,800 (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: 160
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,350 high
• Mortgage (P&I): −$839
• Tax from tax record: −$110 /mo · $1,314/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $52

Break-even live

Break-even rent $1,285

Max offer price $160,000

Occupancy floor 91%

Sensitivity live

Price	-10% $142	-5% $97	+0% $52	+5% $6	+10% $-39
Rent	-10% $-55	-5% $-2	+0% $52	+5% $105	+10% $158
Rate	-1.0pp $132	-0.5pp $92	base $52	+0.5pp $10	+1.0pp $-32

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1408 Mana Ln East Ridge, TN	2.0–3.0	1.5–2.5	1357	$1,659	$1.22	15d	3	0.32mi
1302 Ridgefield Cir Chattanooga, TN	2.0	1.0	802	$1,199	$1.50	25d	1	0.32mi
1413 Mana Ln Chattanooga, TN	2.0	1.0	990	$1,200	$1.21	25d	1	0.34mi
2027 Lee St East Ridge, TN	2.0	1.0	655	$1,275	$1.95	25d	1	0.67mi
3414 Betty Ln Chattanooga, TN	2.0	1.5	1117	$1,295	$1.16	25d	1	1.03mi
3720 Fountain Ave Chattanooga, TN	2.0	1.0	764	$1,100	$1.44	25d	1	1.07mi
3380 Shadowlawn Dr Unit 2 Chattanooga, TN	2.0	2.0	629	$1,323	$2.10	15d	1	1.08mi
3403 Gail Dr Chattanooga, TN	2.0	1.5	1000	$1,425	$1.43	15d	1	1.09mi
3725 Fountain Ave Chattanooga, TN	2.0–3.0	1.0–2.0	1110	$1,450	$1.31	15d	4	1.19mi
918 Donaldson Rd Chattanooga, TN	2.0	1.0	800	$975	$1.22	15d	1	1.23mi
918 Donaldson Rd Chattanooga, TN	1.0–2.0	1.0	751	$975	$1.30	25d	2	1.23mi
916 Donaldson Rd Unit 114 East Ridge, TN	2.0	1.0	800	$975	$1.22	25d	1	1.23mi
1020 Wynnwood Rd Chattanooga, TN	2.0	1.0	797	$1,173	$1.47	25d	1	1.24mi
912 Donaldson Rd Apt 104 East Ridge, TN	2.0	1.0	800	$1,090	$1.36	22d	1	1.26mi
5307 Marion Ave Chattanooga, TN	2.0	1.0	900	$1,150	$1.28	25d	1	1.28mi
815 Poindexter Ave Unit B Chattanooga, TN	2.0	1.5	1004	$1,199	$1.19	25d	1	1.34mi
819 Asterwood Dr Unit B Rossville, GA	2.0	2.0	975	$1,445	$1.48	15d	1	1.34mi
3308 Roadrunner Trl Chattanooga, TN	2.0	2.0	1000	$1,323	$1.32	25d	1	1.38mi
831 Darryl Ln Unit 1 East Ridge, TN	2.0	1.0	829	$1,195	$1.44	25d	1	1.40mi
915 S Seminole Dr Chattanooga, TN	2.0	1.0	800	$825	$1.03	15d	3	1.43mi
3222 Gleason Dr Chattanooga, TN	1.0–2.0	1.0–2.0	817	$1,100	$1.35	15d	4	1.46mi

Listing history 14 events

1. 2026-06-01
   status $160,000 Pending 17 DOM
2. 2026-05-31
   days on market $160,000 Active 17 DOM
3. 2026-05-30
   days on market $160,000 Active 16 DOM
4. 2026-05-20
   status Active
5. 2026-05-15
   status Pending
6. 2026-05-08
   listed $160,000 Active
7. 2024-04-27
   historical $1,625
8. 2024-04-23
   listed $1,625
9. 2022-10-21
   soldstatus $102,500
10. 2022-10-18
    soldstatus $102,500 Closed 682-char remark

    Show marketing remark (681 chars)

    Opportunity is knocking with this immediate income booster! A savvy investor special on this 3 bedroom, 1 full bathroom with great backyard and estimated 12x24 outbuilding and a single carport. House features a combined living and dining room that is open to the kitchen. Off from the kitchen a mud room/laundry room. Some interior updates were done in 2020 to flooring, bathroom, some electrical updates including new switches, outlets, light fixtures and a new water heater. *This is a Section 8 tenant opportunity with current rental $900/month, contract is up for renewal on 10/31/2022 with Landlord notice to be given within Section 8 guidelines. Property is being sold AS-IS.

11. 2022-10-18
    soldstatus $102,500 681-char remark

    Show marketing remark (681 chars)

    Opportunity is knocking with this immediate income booster! A savvy investor special on this 3 bedroom, 1 full bathroom with great backyard and estimated 12x24 outbuilding and a single carport. House features a combined living and dining room that is open to the kitchen. Off from the kitchen a mud room/laundry room. Some interior updates were done in 2020 to flooring, bathroom, some electrical updates including new switches, outlets, light fixtures and a new water heater. *This is a Section 8 tenant opportunity with current rental $900/month, contract is up for renewal on 10/31/2022 with Landlord notice to be given within Section 8 guidelines. Property is being sold AS-IS.

12. 2022-09-28
    historical Contingent 682-char remark

    Show marketing remark (682 chars)

    Opportunity is knocking with this immediate income booster! A savvy investor special on this 3 bedroom, 1 full bathroom with great backyard and estimated 12x24 outbuilding and a single carport. House features a combined living and dining room that is open to the kitchen. Off from the kitchen a mud room/laundry room. Some interior updates were done in 2020 to flooring, bathroom, some electrical updates including new switches, outlets, light fixtures and a new water heater. * This is a Section 8 tenant opportunity with current rental $900/month, contract is up for renewal on 10/31/2022 with Landlord notice to be given within Section 8 guidelines. Property is being sold AS-IS.

13. 2022-09-22
    listed $124,900 Active 682-char remark

    Show marketing remark (682 chars)

    Opportunity is knocking with this immediate income booster! A savvy investor special on this 3 bedroom, 1 full bathroom with great backyard and estimated 12x24 outbuilding and a single carport. House features a combined living and dining room that is open to the kitchen. Off from the kitchen a mud room/laundry room. Some interior updates were done in 2020 to flooring, bathroom, some electrical updates including new switches, outlets, light fixtures and a new water heater. * This is a Section 8 tenant opportunity with current rental $900/month, contract is up for renewal on 10/31/2022 with Landlord notice to be given within Section 8 guidelines. Property is being sold AS-IS.

14. 2000-03-13
    soldstatus $44,000

ⓘ 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: $1,314 · $110/mo
• Projected year-2 tax: $1,314 · $110/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 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: $16,204
• − Mortgage interest: −$8,962
• − Property taxes: −$1,314
• − Insurance: −$800
• − Repairs & maintenance: −$1,296
• − Management: −$1,296
• − Depreciation: −$4,655
• Taxable loss: −$2,120
• Est. tax savings @ 24.0%: +$509
• After-tax cash flow: $1,127/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 — 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

• Census place: East Ridge, TN
• County: Hamilton County · 312,777 people
• City population: 21,864
• 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

+263.6% since first listed

11 events — show timeline

• 2026-05-20 Relisted — GCAR
• 2026-05-15 Pending — GCAR
• 2026-05-08 Listed $160,000 GCAR
• 2024-04-27 Rental Removed $1,625 APPFOLIO
• 2024-04-23 Listed for Rent $1,625 APPFOLIO
• 2022-10-21 Sold (Public Records) $102,500 Public Records
• 2022-10-18 Sold (MLS) $102,500 REALTRACS as Distributed by MLS Grid
• 2022-10-18 Sold (MLS) $102,500 GCAR
• 2022-09-28 Contingent — GCAR
• 2022-09-22 Listed $124,900 GCAR
• 2000-03-13 Sold (Public Records) $44,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $1,314 · +12.2% YoY. Source: county tax records.