2416 Mourning Dove 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
Rental property for sale in Signal Mountain at 2416 Mourning Dove Ln, Signal Mountain, TN, 37377 generates $3,758/mo in rent and, after a $2,628/mo payment, leaves $544/mo in cash flow. Total monthly income is $3,758/mo, and annual cash flow is $6,525/yr on $176,673 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 8.4% on a $537,000 entry. Equity gained on principal adds $3,465/yr, while 5% annual appreciation builds toward $148,363 over five years. Five-year ROI reaches 123.16% and total cumulative return in cash sums $217,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
7,840 sqft 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: Kelsi Ashburn • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516150