The Riverwalk

Single Family

2251

Sqft

2013

Details
Financials
Performance

$395,000

Purchase Price

$2,520

Rent / Mo

Property Leverage

6377 Winlerkorn Lane, Ooltewah, TN 37363

How Are Monthly Dividends Determined for The Riverwalk?

Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.

About

Welcome to the Riverwalk! This 4 bedroom, 3 bathroom home is ready for its new owners! This split-level home offers 3 bedrooms on the main level with a spacious living area with a fireplace and an eat in kitchen. The downstairs offers a large additional family room along with a 4th bedroom and full bath. The house has granite kitchen counter tops, beautiful bamboo flooring throughout, and 2 large decks overlooking the fenced in back yard. The Riverwalk is located in a quiet cul-de-sac, close to restaurants, the interstate and shopping this home has it all! Schedule your private showing today. This one won't last long!

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Rented

Rental Status

This property is eligible to start receiving dividends after its first lease is signed.

The Market

Chattanooga, TN

The Chattanooga, Tennessee, real estate market is situated along the picturesque Tennessee River, defining itself as the state's fourth-largest city and earning the official nickname, the "Scenic City," owing to its breathtaking surroundings of mountains, ridges, and valleys. The real estate landscape in Chattanooga is influenced by the city's vibrant downtown, which boasts a diverse array of entertainment, dining, cultural, and architectural attractions. The Tennessee Aquarium, the Creative Discovery Museum, and the historic Walnut Street Bridge contribute to the city's cultural richness and serve as magnets for residents and visitors alike. Chattanooga's business scene includes notable entities such as Access America Transport, BlueCross BlueShield of Tennessee, CBL & Associates, The Chattanooga Bakery, and Sanofi. The city is home to the world's first Coca-Cola bottling plant. With its scenic beauty, cultural amenities, and a thriving business environment, the Chattanooga real estate market offers a compelling mix of lifestyle and investment opportunities.

Common Questions

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