1515 River Path #46MorristownTN37813
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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 1515 River Path #46, Morristown, TN, 37813 offers a 8.25% rental yield on a $295,900 purchase with $2,034/mo rent. Total monthly income registers $2,034/mo, and a $1,448/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,676/yr on $98,091 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $1,909/yr while 5% annual appreciation supports $81,752 over five years. Portfolio math shows five-year ROI at 117.37% and total cumulative return in cash at $115,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $1,448/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
1.18 Acres lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37813, Morristown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 4,608 (55.6%) |
| Renter Occupied HU | 2,984 (36.0%) |
| Vacant Housing Units | 693 ( 8.4%) |
| Median Home Value | $219,848 |
| Average Home Value | $272,801 |
Housing Distribution
Address Breakdown
Residential
7,862
Single Family
7,620
Multi-Family
242
Businesses
747
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Listed by: Mark Jackson • Jackson Real Estate & Auction
Mls Name: My State MLS
Mls ID: #11562409