206 Palisades DrSignal 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
Rental property for sale in Signal Mountain at 206 Palisades Dr, Signal Mountain, TN, 37377 priced at $895,000 converts $3,965/mo rent into after a $4,381/mo obligation. Total monthly income equals $3,965/mo. Return on cash invested prints 14.38% in year one, and rental yield reads 5.32% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 72.9% and total cumulative return in cash sums $214,658. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,965/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.89 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: Karim Kadrie • Zach Taylor - Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1518888