621 Mississippi AveSignal 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 621 Mississippi Ave, Signal Mountain, TN, 37377 offers a 6.3% rental yield on a $750,000 purchase with $3,936/mo rent. 37% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 88.92% and total cumulative return in cash at $219,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,936/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.74 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: Jay Robinson • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526269