1617 Devlan Forest LnSignal MountainTN37377
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Signal Mountain at 1617 Devlan Forest Ln, Signal Mountain, TN, 37377 offers a 7.57% rental yield on a $421,700 purchase with $2,659/mo rent. Total monthly income registers $2,659/mo, and a $2,064/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,616/yr on $139,794 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $2,721/yr while 5% annual appreciation supports $116,508 over five years. Portfolio math shows five-year ROI at 108.77% and total cumulative return in cash at $152,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,659/mo property income against a $2,064/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37377, Signal Mountain, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 5,630 (74.3%) |
| Renter Occupied HU | 1,414 (18.7%) |
| Vacant Housing Units | 531 ( 7.0%) |
| Median Home Value | $513,025 |
| Average Home Value | $582,518 |
Housing Distribution
Address Breakdown
Residential
6,977
Single Family
6,660
Multi-Family
317
Businesses
338
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Listed by: Emily Hunter • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516245