215 Songbird WayWhite PineTN37890
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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 White Pine at 215 Songbird Way, White Pine, TN, 37890 priced at $254,900 converts $1,980/mo rent into $454/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,980/mo, and annual cash flow totals $5,445/yr on $84,499 invested. Return on cash invested prints 26.35% in year one, and rental yield reads 9.32% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 137.13% and total cumulative return in cash sums $115,872. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37890, White Pine, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,425 (100%) |
| Owner Occupied HU | 2,327 (67.9%) |
| Renter Occupied HU | 670 (19.6%) |
| Vacant Housing Units | 428 (12.5%) |
| Median Home Value | $241,904 |
| Average Home Value | $370,144 |
Housing Distribution
Address Breakdown
Residential
3,031
Single Family
2,603
Multi-Family
428
Businesses
163
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Listed by: Caleb Modrynski • Mountain Home Realty
Mls Name: East Tennessee Realtors
Mls ID: #1318999