3215 Melody LnWhite 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
Investment property for sale in White Pine at 3215 Melody Ln, White Pine, TN, 37890 listed at $499,900 pairs $2,115/mo rent with a $2,447/mo payment. Total monthly income runs $2,115/mo. Return on cash invested measures 13.55% in year one, and rental yield registers 5.08% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 68.51% and total cumulative return in cash totals $113,532. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,115/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
2 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: Charles Fred Taylor • Taylor Realty & Associates, LLC
Mls Name: Lakeway Area AOR
Mls ID: #709998