OOS investor interested in Chattanooga market

[Eric Huang]

Hello Chattanooga investors,

I'm an OOS investor based in Seattle. I've been looking to buy and hold a rental property in the area. I've searched in signal mountain, north Chattanooga, and Hixon areas finding no strong cash flow properties. I recently came cross a few downtown properties near the UTC campus within walking distance to restaurants and city vibes. But, the current rent is kind of low (3bed 3 bath 1700sqft for $1700), which make the cash return minimal. What about the appreciation potentials? Is the downtown area rejuvenating?

Many thanks,

Eric