1487 Shields Ferry RdMorristownTN37814
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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 Morristown at 1487 Shields Ferry Rd, Morristown, TN, 37814 uses $67,924 cash to close to unlock $15,520/yr annual cash flow and $1,293/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,003/mo payment keeps the spread at $1,293/mo. Purchase price stands at $204,900, and rental yield measures 14.76% with $2,520/mo rent. Return on cash invested shows 42.76% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 225.14% and total cumulative return in cash records $152,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37814, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,714 (100%) |
| Owner Occupied HU | 9,232 (62.7%) |
| Renter Occupied HU | 4,347 (29.5%) |
| Vacant Housing Units | 1,135 ( 7.7%) |
| Median Home Value | $259,404 |
| Average Home Value | $297,696 |
Housing Distribution
Address Breakdown
Residential
14,684
Single Family
14,205
Multi-Family
479
Businesses
1,032
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Listed by: Tony Thomas • Weichert REALTORS- Tiger Real Estate
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1275179
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282. [Click here for more information](/info/mls-disclaimers/#mls_154)